Form 4: Skyworks Solutions CEO Liam Griffin Buys $1 Million in Company Stock
SEC Form 4 Filing
Skyworks Solutions' Chairman, CEO, and President, Liam Griffin, recently purchased 11,142 shares of the company's common stock at an average price of $90 per share.
Summary
- Liam Griffin, Chairman, CEO, and President of Skyworks Solutions, Inc., acquired 11,142 shares of common stock on May 2, 2024.
- The shares were purchased at a weighted average price of $90, with individual transactions ranging from $89.91 to $90.04.
- Following the transaction, Griffin directly owns 104,153 shares of Skyworks Solutions common stock.
- Griffin also indirectly owns 35,947 shares through a GRAT (Grantor Retained Annuity Trust) and 13,331 shares through the company's 401(k) plan.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive due to the CEO's significant stock purchase, indicating confidence in the company's future. However, it's a single transaction and doesn't provide a comprehensive view of the company's overall health.
Positives
- The CEO's purchase of a significant number of shares may signal confidence in the company's future performance.
- Increased insider ownership can align management's interests with those of shareholders.
Industry Context
Insider buying is often seen as a positive sign, suggesting that a company's leadership believes the stock is undervalued or that the company is poised for growth. It is a common practice among executives.
Stakeholder Impact
- Shareholders may view the CEO's stock purchase as a positive signal, potentially increasing investor confidence.
- Employees may see the CEO's investment as a sign of stability and commitment to the company's success.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Latest plan statement date for Skyworks Solutions, Inc. 401(k) plan. |
| 05/02/2024 | Date of the transaction where Liam Griffin purchased Skyworks Solutions common stock. |
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