Form 4: SANM CEO Jure Sola Reports Equity Vesting & Tax Withholding

Sanmina Corp's Chairman and CEO, Jure Sola, reported the vesting of restricted and performance stock units, alongside associated tax withholdings, on December 15, 2025.

Summary

• Jure Sola, Chairman & CEO of Sanmina Corp (SANM), reported changes in beneficial ownership of common stock.
• On December 15, 2025, 16,927 shares were withheld by the registrant to satisfy statutory withholding requirements on the vesting of restricted stock units granted on December 15, 2023, at a price of $158.17 per share.
• On the same date, 162,000 shares vested from performance stock units granted on December 15, 2022, due to the achievement of performance criteria, at a price of $158.17 per share.
• Additionally, 81,354 shares were withheld by the registrant to satisfy withholding requirements on the vesting of these performance stock units, also at $158.17 per share.
• Following these transactions, Jure Sola directly beneficially owns 1,345,941 shares of Common Stock and indirectly owns 212,870 shares through the Sola Family Trust.

Sentiment

Score: 7

Explanation: The filing reports routine executive compensation vesting, including performance-based awards, which implies positive company performance against set criteria. The associated tax withholdings are standard. No negative or unexpected events are disclosed.

Positives

• The vesting of 162,000 performance stock units indicates the achievement of pre-defined performance criteria, which is a positive sign for company performance.
• The CEO's continued significant direct and indirect beneficial ownership (1,345,941 direct, 212,870 indirect) aligns his interests with shareholders.

Future Outlook

The vesting of performance stock units suggests that previously set performance criteria were met, which could imply positive operational or financial performance leading up to the vesting date. However, this filing does not provide explicit forward-looking statements or guidance.

Management Comments

• Shares withheld by registrant to satisfy statutory withholding requirements on vesting of restricted stock units granted on December 15, 2023.
• Vesting of performance stock units granted on December 15, 2022 as a result of achievement of performance criteria.
• Shares withheld by registrant to satisfy withholding requirements on vesting of performance stock units granted on December 15, 2022.

Industry Context

This Form 4 reports routine insider compensation-related equity transactions. It does not provide specific industry-wide insights, but the vesting of performance-based awards is a common practice across industries to incentivize executive performance aligned with company goals.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) for executive compensation is a standard practice in publicly traded companies, aligning executive incentives with long-term shareholder value.
• The withholding of shares for tax purposes upon vesting is also a common and standard method for companies to manage executive compensation and tax obligations.
• The reported share price of $158.17 for these transactions reflects the market value at the time of vesting, which can be compared to peer companies' executive compensation values and stock performance.

Stakeholder Impact

• Shareholders: The vesting of performance stock units suggests that the company met certain performance targets, which could be viewed positively. The CEO's continued significant ownership aligns his interests with shareholders.
• Employees: No direct impact on general employees is indicated.
• Management: The transactions reflect a component of the CEO's compensation package.

Key Dates

Recommendation

This Form 4 details routine executive compensation events, specifically the vesting of restricted and performance stock units and associated tax withholdings. While the vesting of performance units suggests the achievement of company goals, this filing does not provide new material information that would fundamentally alter the investment thesis for Sanmina Corp. It confirms ongoing executive alignment through equity compensation but offers no new catalysts for a 'buy' or 'sell' recommendation. Therefore, a 'hold' recommendation is appropriate based solely on the information presented in this filing.

Keywords

Sanmina Corp, SANM, Jure Sola, Form 4, Insider Transaction, Equity Vesting, Restricted Stock Units, Performance Stock Units, CEO, Compensation