Tax withholding trims Benchmark Electronics (BHE) COO RSU stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Benchmark Electronics EVP and Chief Operating Officer David Valkanoff reported an automatic tax-related share disposition. On this Form 4, 2,355 shares of common stock were withheld at a price of $57.80 per share to cover taxes tied to vesting restricted stock units. After this withholding, he directly owns 61,584 shares of Benchmark Electronics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Valkanoff David
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,355 | $57.80 | $136K |
Holdings After Transaction:
Common Stock — 61,584 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Benchmark Electronics (BHE) report for David Valkanoff?
Benchmark Electronics reported that EVP and Chief Operating Officer David Valkanoff had 2,355 common shares withheld. The shares were used to cover taxes related to the vesting of restricted stock units, rather than a discretionary open-market sale.
Was the Benchmark Electronics (BHE) Form 4 transaction a market sale by David Valkanoff?
The Form 4 describes a tax-withholding disposition, not a discretionary market sale. Shares were withheld to pay taxes triggered by vesting restricted stock units, consistent with code F for payment of tax liability by delivering securities.
What role does David Valkanoff hold at Benchmark Electronics (BHE)?
David Valkanoff is Executive Vice President and Chief Operating Officer at Benchmark Electronics. His Form 4 filing reports a routine tax-related share withholding tied to restricted stock unit vesting, rather than a traditional open-market stock purchase or sale.