Form 4: Super Micro Computer Director Liaw Yih-Shyan Wally Reports Stock Transactions
SEC Form 4
Director Liaw Yih-Shyan Wally reported transactions involving Super Micro Computer (SMCI) common stock and restricted stock units on August 10, 2024.
Summary
- On August 10, 2024, Liaw Yih-Shyan Wally, a director of Super Micro Computer, Inc. (SMCI), reported transactions involving the company's stock.
- These transactions included the vesting of restricted stock units (RSUs) and the subsequent disposition of shares to cover tax obligations.
- Specifically, 438 and 437 shares vested from two separate grants of restricted stock units.
- 222 shares were disposed of from each vesting to satisfy tax withholding requirements at a price of $508.76 per share.
- Following these transactions, Liaw Yih-Shyan Wally directly owns 5,723 shares of SMCI common stock.
- Additionally, he indirectly owns 1,516,805 shares through the Liaw Family Trust and 19,377 shares through his spouse.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Comparing Liaw's transactions to those of other directors in similar technology companies would require analyzing their Form 4 filings.
- Generally, the vesting and subsequent sale of shares to cover taxes is a common practice among executives receiving equity compensation.
- Without specific data on peer companies, it's difficult to assess whether the size or frequency of these transactions is unusual.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The sale of shares to cover taxes may slightly increase the float, but the overall effect is negligible given the company's market capitalization.
Key Dates
| Date | Description |
|---|---|
| 08/10/2023 | Initial vesting date for 25% of one set of restricted stock units, with subsequent vesting quarterly. |
| 11/10/2023 | Initial vesting date for 25% of another set of restricted stock units, with subsequent vesting quarterly. |
| 08/10/2024 | Date of reported transactions: vesting of RSUs and disposition of shares for tax obligations. |
| 08/13/2024 | Date of signature on the Form 4 filing. |
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