Form 4: Monolithic Power Systems CEO Michael Hsing Sells Shares to Cover Taxes
SEC Form 4
CEO Michael Hsing sold 9,614 shares of Monolithic Power Systems stock on July 22, 2024, to cover taxes upon the vesting of restricted stock units.
Summary
- Michael Hsing, CEO of Monolithic Power Systems Inc. (MPWR), sold 9,614 shares of common stock on July 22, 2024.
- The sale was executed at a price of $831.58 per share.
- The transaction was conducted to cover taxes upon the vesting of restricted stock units, as required by the company's equity incentive plan.
- Following the transaction, Hsing directly owns 868,122 shares of Monolithic Power Systems Inc.
- Hsing also indirectly owns 133,040 shares through the M Hsing 04 Trust and 12,825 shares through the ZH Family 2020 Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover taxes.
Industry Context
This is a routine transaction for covering taxes related to vested equity, a common practice among executives.
Stakeholder Impact
- The sale may have a minor impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 07/22/2024 | Date of stock sale transaction |
| 07/24/2024 | Date of 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.