Form 4: MaxLinear VP William Torgerson Reports Stock Transactions
SEC Form 4 Filing
William Torgerson, VP/GM of Broadband Group at MaxLinear, Inc., reports the vesting and disposal of restricted stock units.
Summary
- On August 20, 2024, William Torgerson, VP/GM of Broadband Group at MaxLinear, Inc., had 1,981 restricted stock units (RSUs) vest.
- These RSUs converted into common stock.
- Torgerson disposed of 1,981 shares of common stock at a price of $12.49 to cover tax obligations.
- Following these transactions, Torgerson directly owns 173,695 shares of MaxLinear common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an executive's stock-based compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/20/2021 | 10% of the 15,588 RSUs vested. |
| 08/20/2022 | 20% of the RSUs vested. |
| 08/20/2023 | 30% of the RSUs vested. |
| 08/20/2024 | 40% of the RSUs vested, totaling 1,981 RSUs, and subsequent disposal of shares. |
| 08/23/2024 | Date of signature on the Form 4 filing. |
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