Form 4: Richardson Electronics Chairman & CEO Edward J. Richardson Reports Stock Transactions
SEC Form 4 Filing
Edward J. Richardson, Chairman & CEO of Richardson Electronics, surrendered shares to cover tax obligations related to vesting restricted stock.
Summary
- On July 18, 2024, Edward J. Richardson surrendered 1,067 shares of Richardson Electronics common stock to cover income tax withholding related to vesting restricted shares at a price of $11.83 per share.
- On July 19, 2024, Mr. Richardson surrendered 1,082 shares for the same reason at a price of $11.52 per share.
- These transactions did not represent a sale by Mr. Richardson.
- Following these transactions, Mr. Richardson directly owns 38,114 shares of Richardson Electronics common stock.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future actions of key executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a sale of shares by the CEO.
Key Dates
| Date | Description |
|---|---|
| 07/18/2024 | 1,067 shares surrendered to cover tax obligations at $11.83 per share. |
| 07/19/2024 | 1,082 shares surrendered to cover tax obligations at $11.52 per share. |
| 07/22/2024 | Date of Form 4 filing. |
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