Form 4: Richardson Electronics COO Surrenders Shares for Tax Withholding
Insider Transaction Report
Wendy Diddell, COO and Director of Richardson Electronics, Ltd., surrendered a total of 5,215 common shares over two days to satisfy income tax withholding obligations related to the vesting of restricted stock.
Summary
- Wendy Diddell, Chief Operating Officer and Director of Richardson Electronics, Ltd. (RELL), reported two transactions involving the surrender of common stock.
- On July 17, 2025, 2,611 shares of common stock were surrendered to the Issuer at a price of $9.78 per share.
- On July 18, 2025, an additional 2,604 shares of common stock were surrendered to the Issuer at a price of $9.58 per share.
- These transactions, coded 'F', represent shares surrendered to satisfy income tax withholding and remittance obligations upon the vesting of previously granted restricted shares.
- The transactions do not represent a sale of shares by the reporting person.
- Following these transactions, Wendy Diddell beneficially owns 110,400 shares of common stock directly.
Sentiment
Score: 5
Explanation: The document reports a routine insider transaction for tax withholding purposes, which is neutral in sentiment as it reflects standard compensation practices rather than a discretionary sale or purchase.
Future Outlook
NA
Industry Context
This filing is a routine compliance disclosure for insider transactions, specifically related to the vesting of equity awards and the associated tax obligations. It does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine tax-related transactions and not discretionary sales, indicating no change in management's underlying confidence or investment strategy.
- Employees: Reflects standard equity compensation practices for executives.
Key Dates
| Date | Description |
|---|---|
| 07/17/2025 | Date of first transaction where 2,611 common shares were surrendered for tax withholding. |
| 07/18/2025 | Date of second transaction where 2,604 common shares were surrendered for tax withholding. |
| 07/21/2025 | Date the Form 4 filing was signed and submitted. |
Keywords
Richardson Electronics, RELL, SEC Form 4, insider transaction, stock withholding, restricted shares, tax obligations, corporate governance
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