Form 4: SMART Global Holdings CEO Mark Adams Reports Stock Transactions
SEC Form 4 Filing
Mark Adams, President and CEO of SMART Global Holdings, reports the disposal of shares to cover tax obligations related to vesting restricted shares and restricted share units.
Summary
- Mark Adams, the President and CEO of SMART Global Holdings, filed a Form 4 detailing changes in beneficial ownership.
- On July 20, 2024, Adams disposed of 14,254 ordinary shares at a price of $23.86 to cover tax withholding obligations related to vesting restricted shares.
- Additionally, 6,995 ordinary shares were disposed of at the same price to cover tax withholding obligations related to vesting restricted share units.
- Following these transactions, Adams directly owns 852,970 ordinary shares and indirectly owns 29,640 shares through The Adams Family Trust.
Sentiment
Score: 5
Explanation: The document is a routine filing related to stock transactions for tax purposes, with no inherent positive or negative sentiment.
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 represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 07/20/2024 | Date of the stock disposal transactions. |
| 07/23/2024 | Date of the Form 4 filing. |
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