Form 4: SiTime Executive Vincent P. Pangrazio Reports Stock Disposal

Vincent P. Pangrazio, EVP, Chief Legal Officer & Corporate Secretary of SiTime Corp, reports disposing of 3,633 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On February 20, 2025, Vincent P. Pangrazio, an executive at SiTime Corp, disposed of 3,633 shares of common stock.
• The transaction was executed at a price of $180.11 per share.
• This disposal was likely to cover tax obligations associated with the vesting of restricted stock units.
• Following the transaction, Pangrazio directly owns 72,868 shares of SiTime Corp.
• Of these shares, 54,251 are unvested restricted stock units and performance-based restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral filing related to an executive's stock disposal for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of insider transactions. This filing indicates that an executive at SiTime Corp. has disposed of shares, which is a common occurrence for covering tax obligations related to stock-based compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive.

Key Dates

Keywords

Form 4, SiTime, Stock Disposal, Executive, Pangrazio, SITM