Form 4: Penguin Solutions SVP Anne Kuykendall Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Anne Kuykendall, SVP and Chief Legal Officer of Penguin Solutions, disposed of shares to cover tax obligations related to vesting restricted share units.
Summary
- On April 20, 2025, Anne Kuykendall, SVP and Chief Legal Officer of Penguin Solutions, disposed of 2,737 ordinary shares to satisfy tax withholding obligations.
- The shares were disposed of at a price of $15.88 per share.
- Following the transaction, Kuykendall directly owns 103,047 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider transactions, and the disposal of shares for tax purposes is a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/20/2025 | Date of share disposal transaction |
| 04/22/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Penguin Solutions, Insider Trading, Share Disposal, Tax Obligations, Anne Kuykendall, PENG
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