Form 4: Photronics Inc. Executive Richelle E. Burr Reports Stock Transaction
SEC Form 4 Filing
Richelle E. Burr, EVP, CAO, GC & Secretary of Photronics Inc., reports disposition of shares to cover tax obligations related to restricted stock awards.
Summary
- On May 20, 2024, Richelle E. Burr, an executive at Photronics Inc. (PLAB), reported a transaction involving the company's common stock.
- The transaction involved the disposition of 1,738 shares to cover tax liabilities associated with restricted stock awards granted on May 18, 2022.
- The shares were disposed of at a price of $28.64 per share.
- Following the transaction, Burr directly owns 269,354 shares of Photronics Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/18/2022 | Date of Restricted Stock Awards granted |
| 05/20/2024 | Date of stock transaction |
| 05/22/2024 | Date of signature on the Form 4 |
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