Form 4: Sanmina Corp CEO Jure Sola Reports Stock Disposals to Cover Tax Obligations

CEO Jure Sola disposed of Sanmina Corp shares to cover withholding requirements on vesting restricted stock units.

Summary

• Jure Sola, Chairman & CEO of Sanmina Corp, filed a Form 4 detailing changes in beneficial ownership.
• On December 16, 2024, Sola disposed of 25,340 shares of common stock at a price of $80.23 per share to satisfy withholding requirements on vesting of restricted stock units granted on December 15, 2022.
• Additionally, Sola disposed of 16,894 shares of common stock at the same price to cover withholding requirements on vesting of restricted stock units granted on December 15, 2023.
• Following these transactions, Sola directly owns 1,163,854 shares and indirectly owns 214,070 shares through the Sola Family Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Executive stock transactions are a common occurrence, often related to compensation and tax planning. The disposal of shares to cover tax obligations is a routine practice.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates