4/A: Power Integrations VP Corrects Stock Sale Details in Amended SEC Filing
SEC Filing
Radu Barsan, VP of Technology and Engineering at Power Integrations, files an amendment to a previous Form 4 to correct the number of shares sold and the transaction price related to covering tax liabilities from a restricted stock award vesting.
Summary
- Radu Barsan, VP of Technology and Engineering at Power Integrations, filed an amended Form 4 with the SEC on February 27, 2024.
- This amendment corrects an error in the original Form 4 filed on February 6, 2024, regarding the sale of shares to cover tax liabilities associated with the vesting of a Restricted Stock Award.
- The corrected filing shows that 991 shares of common stock were sold on February 2, 2024, at a price of $74.4893 per share.
- Following the transaction, Barsan beneficially owns 39,379 shares of Power Integrations stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of a filing, indicating standard corporate governance procedures. There is no indication of positive or negative sentiment, but the correction itself is a positive sign of transparency.
Industry Context
This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The correction ensures accurate information is available to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/02/2024 | Date of the stock sale transaction. |
| 02/06/2024 | Date of the original Form 4 filing containing the error. |
| 02/27/2024 | Date of the amended Form 4 filing correcting the error. |
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