Form 4: SMART Global Holdings Executive Receives Stock Award

Jack A. Pacheco, EVP, COO, President of Memory Solutions at SMART Global Holdings, received 18,937 restricted share units on September 30, 2024.

Summary

• On September 30, 2024, Jack A. Pacheco, an executive at SMART Global Holdings, received 18,937 restricted share units.
• These restricted share units will vest on October 20, 2025, contingent upon Pacheco's continued employment with the company.
• Following this transaction, Pacheco directly owns 230,833 ordinary shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of executive compensation. The stock award is a positive incentive for the executive, but it doesn't necessarily indicate a significant shift in the company's outlook.

Positives

• The granting of restricted share units to a key executive like Jack A. Pacheco can be seen as a positive incentive for continued performance and commitment to the company.

Future Outlook

The vesting of the restricted share units is contingent upon the recipient's continued employment through October 20, 2025.

Industry Context

Stock awards are a common practice in the technology industry to incentivize and retain key executives. The vesting schedule aligns the executive's interests with the long-term performance of the company.

Comparison to Industry Standards

• Stock awards are a common component of executive compensation packages in the technology sector.
• Companies like Micron Technology, Western Digital, and Samsung also utilize stock awards and options to incentivize their executives.
• The vesting schedule of these awards typically ranges from one to four years, aligning with industry norms.

Stakeholder Impact

• The stock award aligns the executive's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates