Form 4: Rambus Inc. Chief Accounting Officer John K. Allen Reports Tax Liability Share Withholding
SEC Form 4 Filing
John K. Allen, Chief Accounting Officer of Rambus Inc., reports the withholding of 1,132 common stock shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On April 3, 2024, John K. Allen, the Chief Accounting Officer of Rambus Inc., had 1,132 shares of common stock withheld to cover his tax liability.
- This was in connection with the vesting of restricted stock units (RSUs).
- The price per share for the withholding was $60.31.
- Following the transaction, Allen directly owns 11,956 shares of Rambus Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction related to tax obligations; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of the transaction where shares were withheld to cover tax liability. |
| 04/04/2024 | Date of signature on the report. |
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