Form 4: Skyworks Solutions Director Alan S. Batey Reports Acquisition of Restricted Stock Units

Alan S. Batey, a director of Skyworks Solutions, Inc., reported the acquisition of 2,272 restricted stock units on May 14, 2024, which will vest on May 14, 2025.

Summary

• On May 16, 2024, a Form 4 filing was submitted to the SEC by Ashran Jen, as Attorney-in-Fact for Alan S. Batey, a director of Skyworks Solutions, Inc.
• The filing reports a transaction that occurred on May 14, 2024, where Mr. Batey acquired 2,272 Restricted Stock Units (RSUs).
• These RSUs represent the contingent right to receive one share of Skyworks Solutions common stock upon vesting.
• The RSUs are scheduled to vest on May 14, 2025.
• Following the reported transaction, Mr. Batey directly owns 2,272 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock-based compensation. The acquisition of RSUs by a director is generally viewed as a positive sign, but it's not a major event.

Positives

• The acquisition of restricted stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of the RSUs on May 14, 2025, suggests a continued relationship between the director and the company until at least that date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's acquisition of stock-based compensation, which is a common practice in the technology industry to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies, especially in the tech sector.
• Companies like Qualcomm, Broadcom, and Texas Instruments also use RSUs and stock options to compensate their executives and directors.
• The vesting schedules and amounts of RSUs vary depending on the company's compensation policies and the individual's role and performance.

Stakeholder Impact

• The acquisition of RSUs by a director can have a minor positive impact on shareholder sentiment, as it aligns the director's interests with those of the shareholders.

Key Dates