Form 4: Xperi Inc. CFO Robert Andersen Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer of Xperi Inc., Robert Andersen, reports acquisition and disposal of XPER common stock and restricted stock units on March 1, 2024.
Summary
- Robert Andersen, CFO of Xperi Inc., filed a Form 4 detailing changes in beneficial ownership of XPER securities.
- On March 1, 2024, Andersen disposed of 17,830 shares of common stock to cover tax obligations at a price of $11.28 per share.
- On the same day, Andersen acquired 86,852 restricted stock units (RSUs) at a price of $0.00.
- These RSUs will vest in four equal annual installments starting March 1, 2025.
- Following these transactions, Andersen beneficially owns 255,460 shares of common stock and RSUs.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The restricted stock units vest in four equal installments beginning on March 1, 2025, and annually thereafter until fully vested.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and aligns their interests with those of shareholders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting the stock if the RSUs are converted to common stock in the future.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock disposal and RSU acquisition. |
| 03/01/2025 | First vesting date for the acquired restricted stock units. |
| 03/05/2024 | Date of Form 4 signature. |
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