Form 4: NETGEAR Executive Andrew Kim Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Andrew Kim, Chief Legal Officer of NETGEAR, disposed of 5,028 shares of common stock on April 30, 2024, to satisfy tax withholding obligations.
Summary
- On April 30, 2024, Andrew Kim, the Chief Legal Officer of NETGEAR, disposed of 5,028 shares of NETGEAR common stock.
- The transaction was executed at a price of $14.78 per share.
- This disposal was conducted to cover tax obligations related to equity compensation.
- Following the transaction, Kim directly owns 71,628 shares of NETGEAR common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock awards.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of stock disposal transaction |
| 05/02/2024 | Date of signature on the Form 4 filing |
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