Form 4: SMART Global Holdings Executive Joseph Gates Clark Reports Share Transaction
SEC Form 4
Joseph Gates Clark, President of LED Solutions at SMART Global Holdings, reports disposition of shares to cover tax obligations and purchase of shares through the Employee Stock Purchase Plan.
Summary
- On April 20, 2024, Joseph Gates Clark, President of LED Solutions at SMART Global Holdings, disposed of 2,341 ordinary shares to satisfy tax withholding obligations related to the vesting of restricted share units.
- The shares were disposed of at a price of $16.92.
- Following the transaction, Clark beneficially owns 94,915 ordinary shares.
- This amount includes 1,361 shares purchased by the reporting person in the Issuer's Employee Stock Purchase Plan on April 15, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reports routine transactions related to tax obligations and employee stock purchase plans.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Reporting person purchased 1,361 shares in the Issuer's Employee Stock Purchase Plan |
| 04/20/2024 | Date of share disposition for tax obligations |
| 04/23/2024 | Date of report filing |
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