Form 4: SVP and CFO of SMART Global Holdings, Inc. Reports Tax-Related Share Transaction
SEC Form 4 Filing
Ken Rizvi, SVP and CFO of SMART Global Holdings, Inc., reports the surrender of shares to cover tax obligations related to vesting restricted share units on April 20, 2024.
Summary
- Ken Rizvi, the SVP and CFO of SMART Global Holdings, Inc., filed a Form 4 on April 23, 2024.
- The report details a transaction on April 20, 2024, where 5,897 ordinary shares were surrendered to the issuer to satisfy tax withholding obligations related to the vesting of restricted share units.
- The price per share for the transaction was $16.92.
- Following the transaction, Rizvi directly owns 154,025 ordinary shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine tax-related transaction and doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related transaction and doesn't necessarily reflect a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 04/20/2024 | Date of transaction where shares were surrendered to cover tax obligations. |
| 04/23/2024 | Date the Form 4 was signed. |
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