Form 4: Richardson Electronics COO Wendy Diddell Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Wendy Diddell, COO of Richardson Electronics, surrendered 2,691 shares to cover income tax withholding obligations related to the vesting of restricted shares.
Summary
- On July 17, 2024, Wendy Diddell, the COO of Richardson Electronics, surrendered 2,691 shares of common stock to the issuer.
- This transaction was to satisfy income tax withholding and remittance obligations related to the vesting of a previously reported grant of restricted shares.
- The shares were surrendered at a price of $12.45 per share, which was the closing price on the NASDAQ Global Select Market on that date.
- Following the transaction, Diddell directly owns 100,964 shares of Richardson Electronics.
- The transaction does not represent a sale of shares by the reporting person.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider transactions for tax purposes, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 07/17/2024 | Date of transaction: Wendy Diddell surrendered shares to cover tax obligations. |
| 07/18/2024 | Date of signature on the Form 4 filing. |
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