Form 4: Power Integrations VP Clifford Walker Reports Stock Sale to Cover Tax Obligations
SEC Form 4
Clifford Walker, VP of Corporate Development at Power Integrations, sold 865 shares of common stock on February 11, 2025, to cover tax liabilities associated with the vesting of a restricted stock award.
Summary
- On February 11, 2025, Clifford Walker, VP of Corporate Development at Power Integrations Inc. (POWI), sold 865 shares of common stock.
- The sale was executed at a price of $57.2811 per share.
- The transaction was conducted to cover the tax liability associated with the vesting of a Restricted Stock Award.
- Following the transaction, Walker directly owns 142,853 shares of Power Integrations Inc. common stock.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (stock sale for tax purposes) with no clear positive or negative implications for the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/11/2025 | Date of stock sale transaction |
| 02/13/2025 | Date of signature on the Form 4 filing |
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.