Form 4: SMART Global Holdings Executive Jack A. Pacheco Reports Share Transaction
SEC Form 4 Filing
EVP, COO, and President of Memory Solutions, Jack A. Pacheco, reports disposition of shares to cover tax obligations related to vesting restricted share units.
Summary
- On April 20, 2024, Jack A. Pacheco, EVP, COO, and President of Memory Solutions at SMART Global Holdings, Inc., disposed of 4,056 ordinary shares to cover tax withholding obligations related to the vesting of restricted share units.
- The shares were disposed of at a price of $16.92 per share.
- Following the transaction, Pacheco directly owns 215,951 ordinary shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects a routine transaction related to tax obligations and does not indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/20/2024 | Date of share disposition to cover tax withholding obligations. |
| 04/23/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.