Form 4: Monolithic Power Systems Director James C. Moyer Gifts Shares to Charity
SEC Form 4
Director James C. Moyer of Monolithic Power Systems Inc. reports gifting 22,000 shares of common stock to the Moyer Family Community Impact organization on August 8, 2024.
Summary
- On August 8, 2024, James C. Moyer, a director of Monolithic Power Systems Inc. (MPWR), gifted 22,000 shares of common stock to the Moyer Family Community Impact 501(c)(4) organization.
- The transaction was a gift, and no consideration was received by Mr. Moyer.
- Following the transaction, Mr. Moyer directly owns 348 shares and indirectly owns 16,234 shares through various trusts and joint tenancies.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (gift of shares) and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's outlook or performance. It is common for executives and directors to donate shares to charitable organizations.
Stakeholder Impact
- The donation benefits the Moyer Family Community Impact organization.
- The transaction has a negligible impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date of the gift transaction of 22,000 shares. |
| 08/12/2024 | Date of signature of the Form 4 filing. |
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