Form 4: MKS Instruments EVP James Schreiner Reports Stock Transactions
SEC Form 4 Filing
James Schreiner, EVP & COO of MKS Instruments, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On August 19, 2024, James Alan Schreiner, EVP & COO, MSD of MKS Instruments, Inc., reported transactions involving MKS Instruments common stock.
- 3,961 restricted stock units (RSUs) vested, converting into common stock.
- 1,873 shares were withheld by MKS Instruments to cover tax obligations related to the RSU vesting at a price of $119.09 per share.
- Following these transactions, Schreiner directly owns 18,704.703 shares of MKS Instruments common stock and 16,869.409 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of stock transaction (vesting of RSUs and tax withholding). |
| 08/17/2024 | 60% of RSUs vest. |
| 08/17/2025 | 40% of RSUs vest. |
| 08/20/2024 | Date of filing. |
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