Form 4: SMART Global Holdings SVP Anne Kuykendall Reports Acquisition of Restricted Share Units

Anne Kuykendall, SVP and Chief Legal Officer of SMART Global Holdings, reports the acquisition of 30,300 restricted share units.

Summary

• On September 30, 2024, Anne Kuykendall, SVP and Chief Legal Officer of SMART Global Holdings, reported acquiring 30,300 ordinary shares in the form of restricted share units (RSUs).
• These RSUs were acquired at a price of $0.
• Following the transaction, Kuykendall beneficially owns 103,441 ordinary shares.
• The RSUs will vest as to 6.25% on January 20, 2025, with the remainder vesting quarterly thereafter in 15 equal installments, contingent upon continued employment.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of executive compensation. The acquisition of RSUs is generally a positive sign, but it's a routine event.

Positives

• The acquisition of RSUs by a high-ranking officer signals confidence in the company's future performance.

Future Outlook

The vesting schedule of the RSUs extends into the future, contingent on continued employment, suggesting a long-term commitment from the executive.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment of interests.

Stakeholder Impact

• The acquisition of RSUs by a company executive can positively influence shareholder sentiment by demonstrating confidence in the company's prospects.

Key Dates