Form 4: Skyworks Solutions Executive Karilee A. Durham Reports Stock Transactions
SEC Form 4 Filing
Skyworks Solutions SVP of Human Resources, Karilee A. Durham, reported the acquisition and disposal of company stock and restricted stock units on November 11, 2024.
Summary
- Karilee A. Durham, SVP of Human Resources at Skyworks Solutions, reported transactions involving company stock and restricted stock units on November 11, 2024.
- She acquired 1,363 shares of common stock through the vesting of restricted stock units.
- She also acquired 1,320 shares of common stock through the vesting of additional restricted stock units.
- A total of 691 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 669 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, Ms. Durham directly owns 26,532 shares of Skyworks Solutions common stock.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and does not indicate any unusual or concerning activity. It is a routine filing.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the stock transactions of company insiders.
Comparison to Industry Standards
- The vesting of restricted stock units and subsequent tax withholding is a standard practice in executive compensation across the technology industry.
- Many companies use similar vesting schedules for their restricted stock units, often over a period of 3-4 years.
- The tax withholding process is also standard, where a portion of the shares are sold to cover the tax obligations.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they represent a small portion of the total outstanding shares.
- The transactions are part of the executive compensation package and are not expected to have a significant impact on the company's operations or financial performance.
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 the Form 4 was signed. |
Keywords
Skyworks Solutions, stock transactions, restricted stock units, insider trading, Form 4, executive compensation
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