Form 4: Monolithic Power Systems EVP Deming Xiao Sells Shares to Cover Taxes
SEC Form 4
Deming Xiao, EVP of Global Operations at Monolithic Power Systems, sold 662 shares of common stock on February 10, 2025, to cover taxes upon the vesting of restricted stock units.
Summary
- On February 10, 2025, Deming Xiao, the EVP of Global Operations at Monolithic Power Systems, sold 662 shares of common stock.
- The sale was executed at a price of $717.1006 per share.
- The transaction was conducted to cover taxes associated with the vesting of restricted stock units, as mandated by the company's equity incentive plan.
- Following the transaction, Mr. Xiao directly owns 161,577 shares of Monolithic Power Systems.
- Additionally, Mr. Xiao indirectly owns 20,455 shares through his spouse and 3,391 shares through the Christopher Chao Xiao Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports a routine stock sale by an executive to cover tax obligations.
Industry Context
Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. The sale itself is unlikely to have a significant impact on the company's stock price, given the relatively small number of shares involved compared to the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of stock sale transaction. |
| 02/12/2025 | Date of signature on the Form 4 filing. |
Keywords
Monolithic Power Systems, MPWR, Deming Xiao, Stock Sale, Form 4, Executive Compensation, Restricted Stock Units, Beneficial Ownership
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