Form 4: SiTime Corp Executive Vincent P. Pangrazio Reports Stock Disposal
SEC Form 4 Filing
Vincent P. Pangrazio, EVP, Chief Legal Officer & Corporate Secretary of SiTime Corp, disposed of 3,117 shares of common stock on August 20, 2024, to cover tax obligations.
Summary
- On August 20, 2024, Vincent P. Pangrazio, an executive at SiTime Corp, disposed of 3,117 shares of common stock.
- The transaction was executed at a price of $139.26 per share.
- Following the transaction, Pangrazio directly owns 73,283 shares of SiTime Corp.
- 55,684 of these shares are unvested restricted stock units and performance-based restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. It is important to consider the size of the transaction relative to the executive's total holdings and the overall trading volume of the stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant given the size of the transaction.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of stock disposal transaction |
| 08/22/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.