Form 4: SkyWater Technology Executive Hilberg Christopher Reports Stock Transaction
SEC Form 4 Filing
Chief Legal Officer Christopher Hilberg reports disposition of SkyWater Technology stock to cover tax obligations related to vesting restricted stock units.
Summary
- On February 27, 2024, Christopher Hilberg, Chief Legal Officer of SkyWater Technology, Inc., reported a transaction involving the disposition of 563 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 transaction was executed at a price of $11.06 per share.
- Following the transaction, Hilberg beneficially owns 42,055 shares of SkyWater Technology common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document reports a routine stock transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is related to tax obligations on vested stock, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock transaction |
| 02/28/2024 | Date of signature for the report |
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