4/A: Power Integrations VP of Operations Corrects Stock Sale Reporting Error
SEC Filing
Sunil Gupta, VP of Operations at Power Integrations, files an amended Form 4 to correct the number of shares sold and the transaction price related to a tax liability cover.
Summary
- Sunil Gupta, VP of Operations at Power Integrations, filed an amended Form 4 on February 27, 2024, to correct errors in a previous filing from February 6, 2024.
- The amendment addresses an incorrect report of the number of shares sold and the transaction price related to covering the tax liability from the vesting of a Restricted Stock Award.
- The corrected filing shows that 657 shares of common stock were sold on February 2, 2024, at a price of $74.4894.
- Following the transaction, Gupta beneficially owns 43,798 shares of Power Integrations stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of a filing error, which is neutral to slightly positive as it demonstrates transparency and compliance.
Negatives
- The initial Form 4 filing contained errors regarding the number of shares sold and the transaction price.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 02/02/2024 | Date of stock sale transaction. |
| 02/06/2024 | Date of original Form 4 filing with incorrect information. |
| 02/27/2024 | Date of amended Form 4 filing to correct the error. |
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