Form 4: Power Integrations VP of Operations Sells Shares to Cover Tax Obligations
SEC Form 4
Sunil Gupta, VP of Operations at Power Integrations, sold 1,311 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, Sunil Gupta, the VP of Operations at Power Integrations Inc. (POWI), sold 1,311 shares of common stock.
- The sale was executed at a price of $57.2788 per share.
- This transaction was conducted to cover the tax liability resulting from the vesting of a Restricted Stock Award.
- Following the transaction, Gupta directly owns 66,498 shares of Power Integrations common 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, providing transparency into the transactions of company insiders. This sale is related to tax obligations from vested stock awards, a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/11/2025 | Date of stock sale transaction. |
| 02/13/2025 | Date of signature on the Form 4 filing. |
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