Form 4: SkyWater Technology CFO Steve Manko Reports Stock Transaction
SEC Form 4 Filing
CFO of SkyWater Technology, Steve Manko, reports disposition of shares to cover tax obligations related to vesting of restricted stock units.
Summary
- On April 22, 2024, Steve Manko, CFO of SkyWater Technology, Inc., reported a transaction involving the disposition of 1,721 shares of common stock.
- The shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The price per share was $8.63.
- Following the transaction, Manko directly owns 350,491 shares of SkyWater Technology, Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested stock, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/22/2024 | Date of stock transaction |
| 04/24/2024 | Date of signature on the report |
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