Form 4: Sanmina Corp Executive Jonathan P. Faust Reports Stock Transaction

Executive Vice President and CFO of Sanmina Corp, Jonathan P. Faust, reports the disposal of 10,850 shares to cover tax obligations.

Summary

• Jonathan P. Faust, the Executive Vice President and CFO of Sanmina Corp, filed a Form 4 indicating a transaction involving the company's common stock.
• On January 16, 2025, Mr. Faust disposed of 10,850 shares of common stock at a price of $82.56 per share.
• This transaction was to cover tax obligations related to the vesting of restricted stock units granted on January 16, 2024.
• Following the transaction, Mr. Faust beneficially owns 95,150 shares of Sanmina Corp common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and tax obligations, which is common in publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is typical for executives receiving stock-based compensation.
• The sale of shares to cover tax obligations is a common occurrence and does not indicate any unusual activity compared to other companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.

Key Dates

Keywords

Sanmina Corp, Jonathan P. Faust, Form 4, stock transaction, insider trading, executive compensation, tax obligations, restricted stock units