Form 4: SMART Global Holdings Executive Peter J. Manca Reports Acquisition of Restricted Share Units
SEC Form 4
Peter J. Manca, President of IPS at SMART Global Holdings, reports the acquisition of 106,042 restricted share units (RSUs) on May 23, 2024.
Summary
- Peter J. Manca, President of IPS at SMART Global Holdings, filed a Form 4 on May 28, 2024.
- The report details a transaction on May 23, 2024, where Manca acquired 106,042 restricted share units (RSUs).
- These RSUs will vest as to 25% on April 20, 2025, with the remaining 75% vesting quarterly in 12 equal installments, contingent upon continued employment.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Future Outlook
The RSUs will vest over time, contingent on continued employment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for investor confidence.
Stakeholder Impact
- The vesting of RSUs aligns executive interests with shareholder value over the long term.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: Acquisition of 106,042 restricted share units. |
| 05/28/2024 | Date of Form 4 filing. |
| 04/20/2025 | 25% of the RSUs will vest. |
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