Form 4: Richardson Electronics Executive Reports Tax-Related Share Dispositions
Insider Transaction Report
Kathleen McNally, EVP Global Supply Chain at Richardson Electronics, reported the disposition of 902 shares of common stock over two days to cover tax withholding obligations related to restricted share vesting.
Summary
- Kathleen McNally, Executive Vice President of Global Supply Chain at Richardson Electronics, Ltd. (RELL), filed a Form 4 detailing two transactions.
- On July 17, 2025, 453 shares of Common Stock were surrendered to the Issuer at a price of $9.78 per share.
- On July 18, 2025, an additional 449 shares of Common Stock were surrendered to the Issuer at a price of $9.58 per share.
- These dispositions were made to satisfy income tax withholding and remittance obligations related to the vesting of previously granted restricted shares.
- The transactions do not represent a discretionary sale by the reporting person.
- Following these transactions, Kathleen McNally beneficially owns 41,169 shares of Common Stock directly.
Sentiment
Score: 5
Explanation: The filing reports routine tax-related share dispositions by an executive, which is a neutral event and does not indicate positive or negative operational or financial performance.
Industry Context
This filing is a routine disclosure of an insider transaction, specifically related to executive compensation and tax obligations, and does not provide broader industry context or trends.
Related Party Transactions
- Shares were surrendered to the Issuer (Richardson Electronics, Ltd.) to satisfy income tax withholding obligations related to the vesting of restricted shares.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine tax-related transactions and not discretionary sales.
- Employees: No direct impact beyond the reporting executive.
Key Dates
| Date | Description |
|---|---|
| 07/17/2025 | Date of transaction where 453 shares were surrendered for tax withholding. |
| 07/18/2025 | Date of transaction where 449 shares were surrendered for tax withholding. |
| 07/21/2025 | Date the Form 4 was filed. |
Keywords
Richardson Electronics, RELL, Form 4, Insider Transaction, Share Disposition, Tax Withholding, Restricted Stock Units, Executive Compensation
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