Adeia (ADEA) CEO logs large stock awards and tax-withholding share disposals
Rhea-AI Filing Summary
Adeia Inc. director and CEO Paul E. Davis reported equity compensation-related transactions in Adeia common stock. On
On the same date, 70,084 shares and 183,913 shares were disposed of through tax-withholding dispositions at $20.69 per share to satisfy tax obligations tied to vesting. Following these transactions, his directly owned common stock holdings reported in separate lines were 1,606,926 shares and 1,573,963 shares.
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Insights
CEO reported large stock awards and tax withholdings, not open-market trades.
The reporting person, Adeia CEO Paul E. Davis, recorded two significant grant or award acquisitions of common stock tied to equity compensation. One relates to 361,480 Performance Stock Units that fully vested after a three-year performance period, while another 149,950-share restricted stock unit grant vests over four years.
Two tax-withholding dispositions totaling 70,084 and 183,913 shares at $20.69 per share satisfied tax obligations at vesting, rather than reflecting discretionary market sales. After these entries, directly reported ownership across the lines is above 1.5 million shares of Adeia common stock.
These transactions show ongoing use of performance-based and time-based stock awards in the CEO’s pay structure, with share withholding used to cover taxes instead of separate cash payments.
FAQ
What insider transactions did Adeia (ADEA) CEO Paul E. Davis report?
How many Adeia (ADEA) shares were acquired through awards by the CEO?
Were the Adeia (ADEA) CEO’s Form 4 share disposals open-market sales?
What do the vested Performance Stock Units mean for Adeia (ADEA) CEO ownership?
How do the new restricted stock units for Adeia (ADEA) CEO vest?
What was the approximate share price used for Adeia (ADEA) tax-withholding entries?