Form 4: Richardson Electronics EVP Kathleen McNally Reports Stock Transaction

Kathleen McNally, EVP of Global Supply Chain at Richardson Electronics, reports the disposition of 532 shares to cover tax obligations related to vesting restricted shares.

Summary

• On July 17, 2024, Kathleen McNally, EVP of Global Supply Chain at Richardson Electronics, disposed of 532 shares of common stock.
• The transaction was executed to cover income tax withholding obligations related to the vesting of restricted shares.
• The price per share was $12.45.
• Following the transaction, McNally directly owns 38,115 shares of Richardson Electronics common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider activity and can be scrutinized by investors for insights into management's view of the company's prospects.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States.
• Similar filings are made by executives at comparable companies like Arrow Electronics, Avnet, and Future Electronics when they engage in transactions involving their company's stock.
• The specifics of each transaction, such as the number of shares, price, and reason for the transaction, vary depending on the individual's circumstances and company policies.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves a small number of shares disposed of to cover tax obligations.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates