Form 4: Skyworks Solutions Executive Philip Matthew Carter Reports Stock Transactions

Skyworks Solutions VP, Corp. Controller Philip Matthew Carter reported the acquisition and disposal of company stock and restricted stock units on November 11, 2024.

Summary

• Philip Matthew Carter, VP, Corp. Controller at Skyworks Solutions, Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On November 11, 2024, Carter acquired 362 shares of common stock through the vesting of restricted stock units.
• He also acquired 390 shares of common stock through the vesting of additional restricted stock units.
• Simultaneously, 130 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 140 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, Carter directly owns 11,283 shares of common stock and indirectly owns 563 shares through the company's 401(k) plan.
• Carter also holds 362 restricted stock units that vest in installments ending on November 10, 2025.

Sentiment

Score: 7

Explanation: The document reflects standard insider transactions related to stock-based compensation. There is no indication of unusual activity or negative sentiment. The transactions are expected and routine.

Positives

• The vesting of restricted stock units indicates a form of compensation and alignment of interests between the executive and the company's performance.
• The executive's continued holding of a significant number of shares suggests confidence in the company's future.

Negatives

• The disposal of shares to cover tax obligations, while standard, slightly reduces the executive's direct holdings.

Risks

• The executive's transactions are subject to market fluctuations and could be impacted by changes in the company's performance or broader economic conditions.
• Future vesting of restricted stock units could lead to further share disposals for tax purposes.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions reported are typical for executives receiving stock-based compensation, similar to filings from executives at comparable companies like Qorvo and Analog Devices.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates

Keywords

Skyworks Solutions, SWKS, Form 4, insider trading, stock transaction, restricted stock units, executive compensation, beneficial ownership