Form 4: SMART Global Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Joseph Gates Clark, President of LED Solutions at SMART Global Holdings, disposed of shares to cover tax obligations related to vesting restricted share units.
Summary
- On July 20, 2024, Joseph Gates Clark, President of LED Solutions at SMART Global Holdings, disposed of 2,341 ordinary shares to satisfy tax withholding obligations.
- The shares were disposed of at a price of $23.86 per share.
- Following the transaction, Clark directly owns 85,045 ordinary shares of SMART Global Holdings, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations, which is a common practice among company executives.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This filing indicates a transaction by an executive to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/20/2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 07/23/2024 | Date of signature on the Form 4 filing. |
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