Form 4: Sanmina Corp Executive Vishnu Venkatesh Reports Stock Transaction
SEC Form 4 Filing
Vishnu Venkatesh, SVP, Global Controller and Chief Accounting Officer of Sanmina Corp, reports disposition of shares to cover tax obligations.
Summary
- On April 15, 2025, Vishnu Venkatesh, an officer of Sanmina Corp, disposed of 1,804 shares of common stock to satisfy statutory withholding requirements.
- The shares were withheld by the registrant to cover taxes on the vesting of restricted stock units granted on April 15, 2024.
- The transaction price was $76.55 per share.
- Following the transaction, Venkatesh directly owns 24,196 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
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of withholding shares to cover tax obligations upon the vesting of restricted stock units, a common form of executive compensation.
Comparison to Industry Standards
- Sanmina Corp's executive compensation practices, including the use of restricted stock units, are common among publicly traded technology and manufacturing companies.
- Similar companies like Jabil, Flex, and Celestica also utilize stock-based compensation and report similar Form 4 filings when executives transact in company stock.
- The withholding of shares for tax obligations is a standard procedure across these companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine disposal of shares for tax purposes.
- Employees who receive stock-based compensation may be interested in the details of tax withholding practices.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of grant for restricted stock units that vested. |
| 04/15/2025 | Date of transaction (disposal of shares for tax withholding). |
| 04/17/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Sanmina Corp, SANM, Insider Trading, Stock Transaction, Vishnu Venkatesh, SVP, Global Controller, Chief Accounting Officer, Restricted Stock Units, Tax Withholding
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