Form 4: Power Integrations CEO Balu Balakrishnan Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Power Integrations' CEO, Balu Balakrishnan, sold 9,544 shares of common stock on April 2, 2025, to cover tax liabilities associated with the vesting of a restricted stock award.
Summary
- On April 2, 2025, Balu Balakrishnan, the President and CEO of Power Integrations Inc. (POWI), sold 9,544 shares of the company's common stock.
- The sale was executed at a price of $51.1867 per share.
- The transaction was an automatic sale to cover the tax liability associated with the vesting of a Restricted Stock Award.
- Following the transaction, Balu Balakrishnan indirectly owns 590,580 shares through a trust.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) by the CEO. It doesn't indicate any significant positive or negative sentiment towards the company's prospects.
Industry Context
Insider sales are a common occurrence, especially when executives exercise stock options or restricted stock units. These sales are often planned in advance and are disclosed to the public through SEC filings like Form 4.
Key Dates
| Date | Description |
|---|---|
| 04/02/2025 | Date of stock sale transaction. |
| 04/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Stock Sale, Insider Trading, Power Integrations, POWI, Balu Balakrishnan, Restricted Stock Award, Tax Liability
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.