BHE Form 4: David Moezidis Withholds 5,006 Shares to Cover Taxes
Rhea-AI Filing Summary
David Moezidis, EVP & Chief Commercial Officer of Benchmark Electronics (BHE), reported a change in his beneficial ownership on Form 4. On 08/15/2025 he had 5,006 shares of Benchmark common stock withheld at a price of $39.04 per share to cover taxes associated with the vesting of restricted stock units. After that withholding, he beneficially owned 68,724 shares. The filing was signed by Jason Eastburn by power of attorney on 08/18/2025. The transaction is reported as a disposition related to tax withholding rather than an open-market sale.
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Insights
TL;DR: Officer tax-withholding of vested RSUs reduced reported shares; routine and not a directional trading signal.
This Form 4 documents a common administrative disposition where 5,006 shares were withheld to satisfy tax obligations from RSU vesting. Such withholdings are standard and typically do not reflect the reporting person's view on the company's fundamentals. Post-transaction beneficial ownership remains material at 68,724 shares, indicating continued alignment with shareholder interests. The filing contains clear disclosure of the transaction date, price per share, and the withholding purpose, and was executed by a power of attorney, which is typical for administrative submissions.
TL;DR: The disclosure is routine and likely immaterial to valuation; no new cash-market disposition is reported.
The record shows the transaction code corresponds to a disposition and the explanation states the shares were withheld to cover taxes on vested RSUs. The reported price of $39.04 is the withholding valuation; there is no indication of an open-market sale or a change in ownership strategy. For investors, this raises no immediate governance or liquidity concerns beyond routine insider compensation mechanics.