Form 4: Penguin Solutions Executive Jack A. Pacheco Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Jack A. Pacheco, EVP, COO, and President of Integrated Memory at Penguin Solutions, Inc., disposed of shares to cover tax obligations related to vesting restricted share units.
Summary
- On April 20, 2025, Jack A. Pacheco, an executive at Penguin Solutions, Inc., disposed of 2,159 ordinary shares to satisfy tax withholding obligations.
- The shares were disposed of at a price of $15.88 per share.
- Following the transaction, Pacheco directly owns 229,389 ordinary shares.
- The transaction was reported on April 22, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transactions 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 filing indicates a standard transaction to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/20/2025 | Date of transaction: Disposal of shares to cover tax obligations. |
| 04/22/2025 | Date of report filing. |
Keywords
Form 4, Penguin Solutions, Jack A. Pacheco, share disposal, tax obligations, executive, PENG
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