Form 4: Skyworks Solutions SVP Reza Kasnavi Reports Stock Sale
SEC Form 4 Filing
Reza Kasnavi, SVP of Technology & Manufacturing at Skyworks Solutions, sold 1,843 shares of common stock on August 16, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Reza Kasnavi, a Senior Vice President at Skyworks Solutions, reported a transaction involving the company's common stock.
- On August 16, 2024, Kasnavi sold 1,843 shares at a price of $107.47 per share.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 15, 2024.
- Following the transaction, Kasnavi directly owns 17,455 shares and indirectly owns 1,088 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect the executive's current outlook on the company.
Industry Context
Insider transactions are routinely monitored by investors to gauge executive sentiment regarding the company's prospects; however, sales under 10b5-1 plans are often pre-scheduled and may not reflect current sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | 220 shares purchased through the Skyworks Solutions, Inc. 2002 Employee Stock Purchase Plan. |
| 05/15/2024 | Date the Rule 10b5-1 trading plan was adopted. |
| 07/31/2024 | Date of the latest 401(k) plan statement. |
| 08/16/2024 | Date of the stock sale transaction. |
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