RELL.NASDAQRichardson Electronics, LTD

Form 4: Richardson Electronics EVP Kathleen McNally Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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

Summary

  • Kathleen McNally, EVP of Global Supply Chain at Richardson Electronics, filed a Form 4 detailing changes in beneficial ownership.
  • On July 18, 2024, 524 shares of common stock were surrendered to the issuer to cover income tax withholding obligations at a price of $11.83 per share.
  • On July 19, 2024, 520 shares of common stock were surrendered to the issuer to cover income tax withholding obligations at a price of $11.52 per share.
  • Following these transactions, McNally directly owns 37,071 shares of Richardson Electronics common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the executive is meeting tax obligations related to stock awards.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.

Key Dates

DateDescription
07/18/2024524 shares surrendered to cover tax obligations at $11.83 per share.
07/19/2024520 shares surrendered to cover tax obligations at $11.52 per share.
07/22/2024Date of Form 4 signature.

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