Form 4: Texas Instruments CEO Sells Shares to Cover Tax Obligations

Texas Instruments CEO, Ilan Haviv, disposed of 7,591 shares of common stock to cover tax obligations related to vesting of shares.

Summary

• Ilan Haviv, the President and CEO of Texas Instruments, sold 7,591 shares of common stock on January 31, 2025.
• The sale was executed at a price of $185.27 per share.
• This transaction was to cover tax obligations related to the vesting of shares.
• Following the transaction, Mr. Haviv directly owns 166,216 shares of Texas Instruments common stock.
• He also indirectly owns 32,990 shares through his spouse.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock as part of their compensation. It is common for executives to sell shares to cover tax obligations when stock vests.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across the technology industry.
• Many CEOs and other high-ranking executives at companies like Intel, Qualcomm, and Broadcom regularly sell shares to cover tax liabilities related to stock-based compensation.
• The volume of shares sold by Mr. Haviv is not unusual for a CEO of a company the size of Texas Instruments.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Texas Instruments, TXN, Ilan Haviv, insider trading, stock sale, executive compensation, tax obligations