Form 4: SMART Global Holdings CEO Mark Adams Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Mark Adams, CEO of SMART Global Holdings, reported the disposal of shares to cover tax withholding obligations related to vesting restricted shares and restricted share units.
Summary
- On April 20, 2024, Mark Adams, the President and CEO of SMART Global Holdings, disposed of 14,255 ordinary shares at a price of $16.92 to cover tax obligations related to vesting restricted shares.
- He also disposed of 6,995 ordinary shares at the same price for tax obligations related to vesting restricted share units.
- Following these transactions, Adams directly owns 874,219 ordinary shares and indirectly owns 29,640 shares through The Adams Family Trust.
Sentiment
Score: 6
Explanation: The document is a routine filing related to stock transactions for tax purposes, which is neither particularly positive nor negative. It's a neutral event in the context of investment analysis.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the executive's long-term commitment to the company.
Key Dates
| Date | Description |
|---|---|
| 04/20/2024 | Date of stock disposal transactions |
| 04/23/2024 | Date of signature on the report |
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