Form 4: Wolfspeed Director Stacy Smith Acquires Shares as Part of Compensation Plan
SEC Form 4 Filing
Director Stacy Smith acquired 848 shares of Wolfspeed common stock as part of the company's non-employee director compensation program.
Summary
- On May 8, 2024, Stacy J Smith, a director of Wolfspeed, Inc., acquired 848 shares of common stock.
- The acquisition was part of the Wolfspeed, Inc. Non-Employee Director Stock Compensation and Deferral Program.
- The shares were acquired at a price of $23.56 per share.
- Following the transaction, Smith directly owns 19,023 shares of Wolfspeed common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
Director share acquisitions are common and are often part of compensation packages in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| January 23, 2023 | Date Stacy Smith signed the Power of Attorney document. |
| May 08, 2024 | Date of the transaction where Stacy J Smith acquired Wolfspeed shares. |
| May 30, 2024 | Date of the signature on the Form 4 filing. |
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