Form 4: Skyworks Solutions CFO Kris Sennesael Reports Stock Transactions
SEC Form 4 Filing
Skyworks Solutions' CFO, Kris Sennesael, reported the acquisition and disposal of company stock and restricted stock units on November 11, 2024.
Summary
- Kris Sennesael, the SVP & Chief Financial Officer of Skyworks Solutions, Inc., reported several transactions involving the company's common stock and restricted stock units on November 11, 2024.
- Sennesael acquired 2,511 shares of common stock through the vesting of restricted stock units.
- He also acquired 2,363 shares of common stock through the vesting of additional restricted stock units.
- A total of 1,273 shares were disposed of to cover tax obligations related to the vesting of the first set of restricted stock units at a price of $87.98 per share.
- An additional 1,198 shares were disposed of to cover tax obligations related to the vesting of the second set of restricted stock units at a price of $87.98 per share.
- Following these transactions, Sennesael directly owns 117,175 shares of Skyworks Solutions common stock.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by an executive, which is neither positive nor negative for the company's outlook.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It does not indicate any specific trend in the semiconductor industry.
Comparison to Industry Standards
- Stock-based compensation is a common practice in the technology industry, including semiconductor companies like Skyworks Solutions.
- The vesting schedules and tax withholding practices are generally in line with industry standards for executive compensation.
- Companies like Qualcomm (QCOM) and Broadcom (AVGO) also use restricted stock units as part of their executive compensation packages.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 11/11/2021 | Start date for vesting of some restricted stock units. |
| 11/10/2022 | Start date for vesting of some restricted stock units. |
| 11/11/2024 | Date of stock and restricted stock unit transactions. |
| 11/10/2025 | End date for vesting of some restricted stock units. |
| 11/13/2024 | Date of filing of the Form 4. |
Keywords
Skyworks Solutions, SWKS, Kris Sennesael, stock transactions, restricted stock units, Form 4, insider trading, executive compensation
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