Form 4: Power Integrations VP of Operations, Sunil Gupta, Sells Shares to Cover Tax Obligations

Sunil Gupta, VP of Operations at Power Integrations, sold shares of common stock on February 4, 2025, to cover tax liabilities associated with the vesting of a restricted stock award.

Summary

• Sunil Gupta, VP of Operations at Power Integrations, sold shares of common stock on February 4, 2025.
• The sales were executed in three separate transactions at a price of $60.7484 per share.
• A total of 2,937 shares were sold to cover the tax liability associated with the vesting of a restricted stock award.
• Following the transactions, Gupta directly owns 65,645 shares of Power Integrations common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover taxes on vested stock). It's neutral in sentiment as it reflects standard executive compensation practices.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock awards are a common practice among corporate executives. This transaction reflects a standard part of executive compensation and equity management.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the reason for the sale.

Key Dates

Keywords

Form 4, Sunil Gupta, Power Integrations, POWI, Stock Sale, Restricted Stock Award, Tax Liability, Beneficial Ownership, Officer