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 company stock on December 16, 2024.
Summary
- Charlie Mason, EVP & Global Sales at Sanmina Corp, reported transactions involving Sanmina common stock on December 16, 2024.
- Mason acquired 10,000 shares of common stock at a price of $80.23.
- He also disposed of 1,190 shares, 1,071 shares and 2,773 shares at $80.23 to cover withholding requirements on vesting restricted stock units.
- Following these transactions, Mason directly owns 38,299 shares of Sanmina common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the technology and manufacturing sectors where stock-based compensation is prevalent.
Comparison to Industry Standards
- Stock transactions by executives are a normal part of corporate governance.
- Companies like Flex, Jabil, and Celestica also have executives who regularly report their stock transactions.
- The vesting schedules and tax withholding practices described are standard across the industry.
Stakeholder Impact
- The transactions could have a minor impact on shareholder sentiment, depending on how the market interprets executive stock activity.
Key Dates
| Date | Description |
|---|---|
| 12/15/2021 | Date of restricted stock units granted, one-third of total shares withheld by registrant to satisfy withholding requirements on vesting. |
| 12/15/2022 | Date of restricted stock units granted, shares withheld by registrant to satisfy withholding requirements on vesting. |
| 12/15/2023 | Date of restricted stock units granted, shares withheld by registrant to satisfy withholding requirements on vesting. |
| 12/16/2024 | Date of stock acquisition and disposal transactions. |
| 12/18/2024 | Date of signature on the Form 4 filing. |
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