Form 4: SkyWater Technology Executive Hilberg Reports Stock Transaction
SEC Form 4 Filing
Christopher Hilberg, Chief Legal Officer of SkyWater Technology, reports a transaction involving the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 15, 2024, Christopher Hilberg, the Chief Legal Officer of SkyWater Technology, Inc., reported a transaction.
- The transaction involved the withholding of 1,316 shares of common stock to satisfy the issuer's tax withholding obligations.
- This withholding was related to the vesting of restricted stock units previously reported by Hilberg.
- Following the transaction, Hilberg beneficially owns 40,739 shares of SkyWater Technology common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction related to executive compensation and tax obligations. It doesn't indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It is a standard practice for companies to withhold shares to cover tax obligations upon the vesting of restricted stock units.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for managing executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of the reported transaction: withholding of shares for tax obligations. |
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