Form 4: Skyworks Solutions Executive Robert Terry Sells Shares Under 10b5-1 Plan

Skyworks Solutions SVP, General Counsel & Secretary Robert Terry executed multiple transactions involving the company's stock, including sales and the vesting of restricted stock units, under a pre-arranged 10b5-1 trading plan.

Summary

• Robert Terry, a Senior Vice President at Skyworks Solutions, engaged in several transactions involving the company's common stock.
• These transactions included the vesting of restricted stock units, the withholding of shares for tax obligations, and the sale of shares.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 7, 2024.
• On November 11, 2024, 2,008 and 1,876 restricted stock units vested, converting into common stock.
• A total of 1,969 shares were withheld to cover tax obligations at a price of $87.98 per share.
• Terry sold 4,592 shares at an average price of $87.53 and 5,930 shares at an average price of $88.39 on November 11, 2024.
• He also sold 1,915 shares at an average price of $86.82 on November 12, 2024.
• Following these transactions, Terry directly owns 14,045 shares and indirectly owns 3,146 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document reflects routine insider trading activity under a pre-arranged plan. While the sales could be perceived negatively, the use of a 10b5-1 plan mitigates this concern. The sentiment is neutral.

Negatives

• The executive sold a significant number of shares, which could be interpreted negatively by some investors.

Risks

• Executive stock sales can sometimes signal a lack of confidence in the company's future performance, although this is not always the case.
• The use of a 10b5-1 plan suggests the sales were pre-planned and not necessarily based on current market conditions or company performance.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It does not indicate any specific trend in the semiconductor industry.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, particularly in the technology sector.
• The use of a 10b5-1 trading plan is a standard practice to avoid accusations of insider trading.
• Companies like Qualcomm (QCOM), Broadcom (AVGO), and Texas Instruments (TXN) also see similar filings from their executives.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan should mitigate concerns.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Skyworks Solutions, SWKS, Robert Terry, insider trading, Form 4, stock sale, restricted stock units, 10b5-1 plan, executive compensation