Form 4: Sanmina Executive McWilliams Reid Alan Reports Stock Transactions

EVP McWilliams Reid Alan reports acquisition and disposal of Sanmina Corp stock on December 16, 2024, through vesting of restricted stock units and withholding for tax obligations.

Summary

• On December 16, 2024, McWilliams Reid Alan, an EVP at Sanmina Corp, reported transactions involving the company's common stock.
• McWilliams acquired 9,000 shares of common stock at a price of $80.23 per share through the vesting of restricted stock units.
• Simultaneously, McWilliams disposed of 2,028, 1,521 and 2,281 shares at $80.23 per share to satisfy withholding requirements related to the vesting of restricted stock units granted on December 15, 2021, December 15, 2022 and December 15, 2023 respectively.
• Following these transactions, McWilliams directly owns 29,849 shares of Sanmina Corp.
• The restricted stock units vest in three tranches of 3,000 shares each, annually over three years from the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine stock transactions related to executive compensation. There is no indication of unusual or concerning activity.

Positives

• The acquisition of 9,000 shares through vesting of restricted stock units indicates a continued alignment of the executive's interests with the company's performance.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages. These transactions are closely monitored by investors to gain insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates