Form 4: Monolithic Power Systems EVP and CFO Theodore Blegen Reports Stock Sale to Cover Taxes
SEC Form 4
Theodore Blegen, EVP and CFO of Monolithic Power Systems, sold 2,580 shares of common stock on July 22, 2024, to cover taxes upon the vesting of restricted stock units.
Summary
- Theodore Blegen, the EVP and CFO of Monolithic Power Systems Inc. (MPWR), reported a transaction involving the company's common stock on July 22, 2024.
- Blegen sold 2,580 shares of common stock at a price of $831.58 per share.
- This sale was executed to cover taxes upon the vesting of restricted stock units, as required by the company's equity incentive plan.
- Following the transaction, Blegen directly owns 67,406 shares of Monolithic Power Systems Inc.
- Blegen also indirectly owns 5,331 shares through an Irrevocable Trust FBO Theodore F. Blegen and 5,331 shares through an Irrevocable Trust FBO Sarah N. Blegen.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 07/22/2024 | Date of stock sale transaction |
| 07/24/2024 | Date of signature for the report |
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