Form 4: Photronics EVP, CFO John P. Jordan Reports Stock Transactions
SEC Form 4 Filing
John P. Jordan, EVP and CFO of Photronics Inc., reports the withholding of shares to cover tax liabilities related to restricted stock awards.
Summary
- John P. Jordan, the EVP and CFO of Photronics Inc. (PLAB), filed a Form 4 with the SEC on February 27, 2024.
- The form details transactions where shares of common stock were withheld to cover tax liabilities associated with restricted stock awards.
- These awards were granted on January 2, 2021, January 3, 2022, and January 3, 2023.
- A total of 4,055 shares were withheld at a price of $28.01 to cover tax liabilities associated with the January 2, 2021 award.
- An additional 4,634 shares were withheld at $28.01 to cover tax liabilities associated with the January 3, 2022 award.
- Finally, 2,318 shares were withheld at $28.01 to cover tax liabilities associated with the January 3, 2023 award.
- Following these transactions, Jordan directly owns 138,756 shares of Photronics Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates routine tax-related transactions and doesn't necessarily reflect a change in the executive's overall confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 01/02/2021 | Date of Restricted Stock Awards granted. |
| 01/03/2022 | Date of Restricted Stock Awards granted. |
| 01/03/2023 | Date of Restricted Stock Awards granted. |
| 02/23/2024 | Date of stock transactions (withholding of shares). |
| 02/27/2024 | Date of Form 4 filing. |
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