Form 4: Texas Instruments Director Robert E. Sanchez Reports Stock Transactions
SEC Filing
Director Robert E. Sanchez of Texas Instruments reports the acquisition and disposal of common stock and derivative securities on October 25, 2024.
Summary
- On October 25, 2024, Robert E. Sanchez, a director at Texas Instruments, engaged in transactions involving the company's stock.
- Sanchez acquired 9,990 shares of common stock at a price of $52.93.
- Simultaneously, Sanchez disposed of 9,990 shares of common stock at a weighted average price of $208.7959, with prices ranging from $208.6 to $209.19.
- Following these transactions, Sanchez beneficially owns 20,461 shares of Texas Instruments common stock.
- Sanchez also exercised a non-qualified stock option for 9,990 shares at $52.93.
- The exercised option was part of a grant that became exercisable in four equal annual installments beginning on January 29, 2017.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key individuals within Texas Instruments.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 01/29/2017 | Date when the stock option became exercisable in four equal annual installments |
| 10/25/2024 | Date of the reported stock transactions (acquisition and disposal) |
| 10/29/2024 | Date of the signature on the Form 4 filing |
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