Form 4: SkyWater Technology Executive Hilberg Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Christopher Hilberg, Chief Risk & Compliance Officer of SkyWater Technology, reports the withholding of 1,316 common stock shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 17, 2025, Christopher Hilberg, Chief Risk & Compliance Officer of SkyWater Technology, Inc., had 1,316 shares of common stock withheld by the issuer to satisfy tax withholding obligations.
- The shares were withheld at a price of $8.42 per share.
- Following the transaction, Hilberg directly owns 50,738 shares of SkyWater Technology common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard tax withholding procedure; it doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. This filing indicates a standard tax withholding procedure related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of the transaction where shares were withheld to cover tax obligations. |
| 03/19/2025 | Date of signature for the Form 4 filing. |
Keywords
SkyWater Technology, Hilberg, insider trading, Form 4, stock withholding, tax obligations, restricted stock units, SKYT, beneficial ownership
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