Form 4: Richardson Electronics CFO Surrenders Shares for Tax Obligations

Richardson Electronics' CFO, Robert J. Ben, surrendered 500 shares of common stock to the issuer to satisfy income tax withholding obligations related to the vesting of previously granted restricted shares.

Summary

• Robert J. Ben, the Chief Financial Officer, Chief Accounting Officer, and Corporate Secretary of Richardson Electronics, Ltd. (RELL), reported a transaction on July 18, 2025.
• The transaction involved the disposition of 500 shares of Common Stock.
• These shares were surrendered to the Issuer at a price of $9.58 per share.
• The purpose of the surrender was to satisfy income tax withholding and remittance obligations associated with the vesting of a previously reported grant of restricted shares.
• This transaction does not represent a sale of securities by the reporting person.
• Following this transaction, Robert J. Ben beneficially owns 54,034 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is neutral as it represents a routine administrative event for tax withholding purposes related to restricted stock vesting and does not indicate a change in company fundamentals or insider sentiment regarding the stock's future performance.

Future Outlook

NA

Industry Context

This transaction is a routine administrative event common for executives in publicly traded companies who receive equity compensation in the form of restricted stock. It reflects the standard process of satisfying tax obligations upon the vesting of such awards, rather than a discretionary investment decision or a reflection of company-specific performance trends.

Related Party Transactions

• The transaction involves an insider (Robert J. Ben, CFO, CAO, Corporate Secretary) surrendering shares to the issuer (Richardson Electronics, Ltd.) to satisfy tax obligations related to restricted stock vesting. This is a common, non-discretionary transaction between an executive and the company.

Stakeholder Impact

• Shareholders: Minimal direct impact as the transaction is small in scale (500 shares) and for administrative tax purposes, not a discretionary sale.
• Employees: No direct impact beyond the reporting person.

Key Dates

Keywords

Richardson Electronics, RELL, SEC Form 4, Insider Transaction, Share Surrender, Tax Withholding, Restricted Stock, CFO, Corporate Secretary, CAO