Form 4: Rogers Corp Executive Jeff Tsao Reports Stock Transaction

Jeff Tsao, SVP and GM of AES at Rogers Corp, reported a transaction involving the withholding of shares for tax purposes and the acquisition of shares through an employee stock purchase plan.

Summary

• Jeff Tsao, a Senior Vice President and General Manager at Rogers Corp, filed a Form 4 indicating a change in his beneficial ownership of company stock.
• The transaction involved the withholding of 11 shares of common stock to cover tax obligations related to the vesting of restricted stock units.
• Additionally, Mr. Tsao acquired 191 shares through the company's Global Stock Ownership Plan for Employees.
• The price per share for the tax withholding was $104.89.
• Following these transactions, Mr. Tsao's total direct holdings of Rogers Corp stock is 4,286 shares.

Sentiment

Score: 7

Explanation: The document reflects routine transactions and does not indicate any significant positive or negative sentiment. The employee stock purchase plan participation is a positive sign.

Positives

• The acquisition of 191 shares through the employee stock purchase plan indicates confidence in the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the stock ownership of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The transactions reported are typical for executives who receive stock-based compensation and participate in employee stock purchase plans.
• Similar filings are made by executives at comparable companies such as DuPont, Honeywell, and 3M.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and participation in employee stock purchase plans.

Key Dates

Keywords

Form 4, insider trading, stock transaction, beneficial ownership, Rogers Corp, employee stock purchase plan, tax withholding, equity securities