Form 4: MaxLinear Director Ted L Tewksbury III Acquires Restricted Stock Units
SEC Form 4
Director Ted L Tewksbury III acquired 12,141 restricted stock units of MaxLinear, Inc. on May 23, 2024.
Summary
- On May 23, 2024, Ted L Tewksbury III, a director of MaxLinear, Inc., acquired 12,141 restricted stock units (RSUs).
- Each RSU represents a contingent right to receive one share of MaxLinear, Inc. common stock.
- The RSUs will vest on the earlier of May 1, 2025, or the date immediately preceding the next annual meeting of stockholders, contingent upon Tewksbury's continued service as a director.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction, with neutral sentiment.
Future Outlook
The RSUs will vest on the earlier of May 1, 2025, or the date immediately preceding the next annual meeting of stockholders, contingent upon Tewksbury's continued service as a director.
Industry Context
This is a standard Form 4 filing, reflecting a director's acquisition of restricted stock units, a common form of executive compensation in publicly traded companies.
Stakeholder Impact
- The acquisition of RSUs by a director could be perceived positively by shareholders as it aligns the director's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: Ted L Tewksbury III acquired restricted stock units. |
| 05/01/2025 | Earliest possible vesting date for the restricted stock units. |
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