Form 4: Sanmina EVP Charlie Mason Reports Stock Transactions
SEC Form 4 Filing
EVP & Global Sales of Sanmina Corp, Charlie Mason, reports acquisition and disposal of common stock due to vesting of performance stock units.
Summary
- Charlie Mason, EVP & Global Sales at Sanmina Corp, reported transactions involving the company's common stock on December 31, 2024.
- He acquired 12,000 shares at $75.67 due to the vesting of performance stock units granted on December 15, 2021, as a result of achievement of performance criteria.
- Simultaneously, 6,082 shares were withheld by the company to satisfy withholding requirements related to the vesting of these performance stock units at a price of $75.67.
- Following these transactions, Mason directly owns 44,217 shares of Sanmina Corp.
- The transactions were reported on January 3, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive compensation packages. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects changes in insider ownership.
- Employees holding similar stock units may see this as an indication of the potential value of their compensation.
Key Dates
| Date | Description |
|---|---|
| 2021-12-15 | Date of grant for performance stock units. |
| 2024-12-31 | Date of stock acquisition and disposal due to vesting of performance stock units. |
| 2025-01-03 | Date of Form 4 filing. |
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