Form 4: Skyworks Solutions VP, Corp. Controller Reports Stock Sale

Philip Matthew Carter, VP, Corp. Controller of Skyworks Solutions, sold 452 shares of common stock at $120 per share on July 16, 2024, according to a Form 4 filing.

Summary

• On July 16, 2024, Philip Matthew Carter, VP, Corp. Controller of Skyworks Solutions, sold 452 shares of common stock at a price of $120 per share.
• Following the transaction, Carter directly owns 9,112 shares of Skyworks Solutions common stock.
• Carter also indirectly owns 533 shares through a 401(k) plan, based on the plan statement dated June 30, 2024.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 14, 2023.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale. The use of a 10b5-1 plan suggests the sale was pre-planned and doesn't necessarily reflect a change in sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The use of a 10b5-1 plan suggests the insider's trading was pre-planned.

Stakeholder Impact

• The stock sale by a company insider could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates this concern.

Key Dates