Form 4: Power Integrations CFO Sandeep Nayyar Reports Stock Transactions
SEC Form 4 Filing
Sandeep Nayyar, CFO of Power Integrations Inc., reports acquisition and disposal of common stock, including a sale to cover tax liabilities from a restricted stock award vesting.
Summary
- On April 1, 2024, Sandeep Nayyar, the CFO of Power Integrations Inc., acquired 28,500 shares of common stock at $0.00.
- On April 2, 2024, Nayyar disposed of 1,946 shares of common stock at a price of $69.0406 per share.
- Following these transactions, Nayyar beneficially owns 95,037 shares of Power Integrations Inc.
- The sale of shares on April 2, 2024, was to cover the tax liability associated with the vesting of a Restricted Stock Award.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Acquisition of 28,500 shares of common stock. |
| 04/02/2024 | Disposal of 1,946 shares of common stock at $69.0406 per share. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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