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 subsequent disposal of restricted stock units on May 20, 2024.
Summary
- On May 20, 2024, William Torgerson, VP/GM of Broadband Group at MaxLinear, Inc., had restricted stock units (RSUs) vest.
- A total of 5,418 shares were disposed of at a price of $19.32.
- Following these transactions, Torgerson directly owns 169,440 shares of MaxLinear common stock.
- The transactions involved the vesting of 3,906 RSUs from a 2021 award and 1,512 RSUs from a 2022 award.
- The vesting schedule for the 2021 award was 10% on May 20, 2021, 20% on May 20, 2022, 30% on May 20, 2023, and 40% on May 20, 2024.
- The vesting schedule for the 2022 award was 10% on May 20, 2022, 20% on May 20, 2023, 30% on May 20, 2024, and 40% on May 20, 2025.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions. The sentiment is neutral as it reflects standard compensation practices and does not inherently indicate positive or negative company performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- Shareholders can monitor insider transactions for insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 05/20/2021 | 10% of 29,991 RSUs subject to the 2021 award vested. |
| 05/20/2022 | 20% of 29,991 RSUs subject to the 2021 award vested and 10% of 16,061 RSUs subject to the 2022 award vested. |
| 05/20/2023 | 30% of 29,991 RSUs subject to the 2021 award vested and 20% of 16,061 RSUs subject to the 2022 award vested. |
| 05/20/2024 | Transaction date: Vesting of RSUs and disposal of shares. 40% of 29,991 RSUs subject to the 2021 award vested and 30% of 16,061 RSUs subject to the 2022 award vested. |
| 05/20/2025 | 40% of 16,061 RSUs subject to the 2022 award will vest. |
| 05/22/2024 | Date of the signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.