Form 4: Richardson Electronics CFO Surrenders Shares for Tax Obligations
Insider Transaction Report
Richardson Electronics' CFO, Robert J. Ben, surrendered 500 shares of common stock valued at $9.64 per share to cover tax obligations related to the vesting of restricted stock.
Summary
- Robert J. Ben, the Chief Financial Officer, Chief Accounting Officer, and Corporate Secretary of RICHARDSON ELECTRONICS, LTD. (RELL), reported a transaction on July 22, 2025.
- The transaction involved the surrender of 500 shares of Common Stock to the Issuer.
- The shares were surrendered at a price of $9.64 per share.
- This action was taken to satisfy income tax withholding and remittance obligations associated with the vesting of a previously granted restricted stock award.
- The transaction does not represent a discretionary sale by the reporting person.
- Following this transaction, Robert J. Ben beneficially owns 62,034 shares of Common Stock.
Sentiment
Score: 5
Explanation: The transaction is a routine, non-discretionary surrender of shares for tax purposes related to restricted stock vesting, indicating no change in management's view of the company or its financial health.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4 filing, as it pertains solely to a past insider transaction.
Management Comments
- Shares were surrendered to the Issuer in connection with the vesting of a previously reported grant of restricted shares to satisfy the income tax withholding and remittance obligations of the reporting person.
- The net settlement price was equal to the closing price on the NASDAQ Global Select Market on July 22, 2025, of $9.64.
- The transaction does not represent a sale by the reporting person.
Industry Context
This Form 4 details a routine, company-specific insider transaction related to executive compensation and does not provide information relevant to broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes related to executive compensation, not a sale.
Key Dates
| Date | Description |
|---|---|
| 07/22/2025 | Date of transaction where shares were surrendered. |
| 07/24/2025 | Date the Form 4 was signed by the reporting person. |
Keywords
RELL, Richardson Electronics, Form 4, Insider Transaction, Stock, CFO, Tax Withholding, Restricted Stock Vesting
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