Form 4: Power Integrations VP of Marketing Sells Shares to Cover Tax Obligations

Doug Bailey, VP of Marketing at Power Integrations, sold 1,088 shares of common stock on April 2, 2025, to cover tax liabilities associated with vesting of a restricted stock award.

Summary

• On April 2, 2025, Doug Bailey, VP of Marketing at Power Integrations, sold 1,088 shares of the company's common stock.
• The sale was executed at a price of $50.8867 per share.
• The transaction was conducted to cover the tax liability associated with the vesting of a Restricted Stock Award.
• Following the transaction, Doug Bailey directly owns 84,776 shares of Power Integrations stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of insider transactions. This transaction appears to be a standard sale to cover tax obligations, which is a common practice among executives receiving stock-based compensation.

Key Dates

Keywords

Form 4, Power Integrations, Doug Bailey, Stock Sale, Restricted Stock Award, Tax Liability, Insider Trading