Form 4: Super Micro Computer Director Sherman Tuan Reports Stock Unit Vesting
SEC Form 4 Filing
Director Sherman Tuan reported the vesting and subsequent conversion of restricted stock units into 946 shares of Super Micro Computer (SMCI) common stock on June 30, 2024.
Summary
- On June 30, 2024, Sherman Tuan, a director of Super Micro Computer, Inc. (SMCI), had 946 restricted stock units vest.
- These units were then converted into 946 shares of SMCI common stock.
- Following this transaction, Tuan directly owns 23,059 shares of SMCI common stock.
- The restricted stock units were granted for service in fiscal year 2024 and fully vested on June 30, 2024.
- Vested units are settled in shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting routine compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings of company directors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a standard vesting of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of transaction: vesting of restricted stock units and conversion to common stock. |
| 06/30/2024 | Restricted stock units fully vested. |
| 07/02/2024 | Date of Form 4 filing. |
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