Form 4: Penguin Solutions SVP and CFO, Nathan Olmstead, Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Nathan Olmstead, SVP and CFO of Penguin Solutions, disposed of 557 ordinary shares to cover tax obligations related to vesting restricted share units on April 20, 2025.
Summary
- On April 20, 2025, Nathan Olmstead, the SVP and CFO of Penguin Solutions, Inc., reported a transaction involving the disposal of 557 ordinary shares.
- The shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted share units.
- The transaction was executed at a price of $15.88 per share.
- Following the transaction, Olmstead directly owns 85,375 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction to cover tax obligations, which is a common occurrence.
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 signature by attorney-in-fact. |
Keywords
Form 4, Penguin Solutions, Nathan Olmstead, SVP, CFO, Share Disposal, Tax Obligations, Restricted Share Units, Beneficial Ownership
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