Form 4: PDF Solutions EVP Kimon Michaels Reports Stock Award and Tax Withholding
SEC Form 4 Filing
Kimon Michaels, EVP of Products and Solutions at PDF Solutions, reports the acquisition of restricted stock units and a disposition of shares to cover tax obligations.
Summary
- Kimon Michaels, an EVP at PDF Solutions, reported changes in beneficial ownership of the company's stock on July 2, 2024.
- The report details the acquisition of 2,400 shares of common stock through a restricted stock unit award on July 1, 2024.
- Michaels also disposed of 657 shares on July 1, 2024, to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $35.74 per share.
- Following these transactions, Michaels directly owns 34,286 shares and indirectly owns 1,555,642 shares through a trust and 34,943 shares through a spouse.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing is a standard disclosure of stock transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily reflect a significant event for PDF Solutions or the broader industry.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the issuance of shares as part of an executive compensation plan.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of restricted stock unit award and tax withholding transaction. |
| 07/02/2024 | Date of Form 4 filing. |
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