Form 4: SANMINA CFO Sells Shares for Tax Obligations

SANMINA Corp's EVP & CFO, Jonathan P. Faust, disposed of 10,845 common shares valued at $177.44 each to cover tax liabilities from RSU vesting.

Summary

• Jonathan P. Faust, EVP & CFO of SANMINA CORP, reported a transaction on January 16, 2026.
• 10,845 shares of SANM common stock were disposed of at a price of $177.44 per share.
• The disposition was due to shares being withheld by the registrant to satisfy statutory withholding requirements upon the vesting of restricted stock units.
• These restricted stock units were originally granted on January 16, 2024.
• Following this transaction, Jonathan P. Faust directly beneficially owns 97,151 shares of SANM common stock.

Sentiment

Score: 6

Explanation: The filing reports a routine, non-discretionary insider transaction for tax purposes, which is neutral to slightly positive as it indicates RSU vesting and continued significant insider ownership.

Positives

• The transaction is a routine tax-related disposition, not a discretionary sale by the insider.
• The insider still holds a significant number of shares (97,151), indicating continued alignment with shareholder interests.

Future Outlook

This filing does not contain forward-looking statements or guidance, as it reports a specific insider transaction.

Industry Context

This is a routine insider transaction filing and does not provide broader industry context or trends.

Related Party Transactions

• The transaction involves the disposition of shares by an executive (Jonathan P. Faust) to the company (SANMINA CORP) to cover tax liabilities arising from the vesting of restricted stock units, which is a common related party dealing in executive compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as it is a routine tax-related sale, not a discretionary sale indicating a lack of confidence. The CFO still holds a substantial number of shares.
• Employees: No direct impact.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by SANMINA's CFO to cover tax obligations arising from the vesting of restricted stock units. Such transactions are common and do not typically signal a change in management's outlook or confidence in the company. The CFO retains a significant beneficial ownership of 97,151 shares, maintaining alignment with shareholder interests. Therefore, this filing alone does not warrant a change in investment recommendation; a 'hold' stance is appropriate, pending further fundamental analysis.

Keywords

SANMINA CORP, SANM, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Executive Compensation, Jonathan P. Faust, CFO