LOGI Form 4: Director Wendy Becker remits 831 shares for tax withholding
Wendy Becker, a director of Logitech International S.A.
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Rhea-AI Filing Summary
Wendy Becker, a director of Logitech International S.A. (LOGI), reported a transaction on 09/04/2025. The filing shows an exempt disposition of 831 registered shares surrendered to the issuer to satisfy tax withholding obligations from previously vested restricted stock units. The filing reports 28,496 shares beneficially owned by the reporting person following the transaction. The reported sale price per share is $106.04, which the filer states is the SIX Swiss Exchange closing price of CHF 85.40 converted at an exchange rate of 1 CHF = $1.24173.
Positive
- Transaction was an exempt disposition under Rule 16b-3(e), indicating it was for tax withholding on vested RSUs rather than an open-market sale
- Clear post-transaction ownership disclosure: the filer reports 28,496 shares beneficially owned after the disposition
Negative
- None.
Insights
TL;DR: Routine insider tax-withholding disposition of vested RSUs; small reduction in reported holdings.
The Form 4 documents an exempt disposition under Rule 16b-3(e) where 831 shares were remitted to the issuer to satisfy tax withholding on vested restricted stock units. This is a common administrative transaction and does not indicate a market sale aimed at liquidity. The filer reports 28,496 shares remained beneficially owned after the withholding. The per-share figure of $106.04 is disclosed as a currency-converted SIX Swiss Exchange closing price.
TL;DR: Transaction is procedural for tax compliance; not a change in governance or control.
The submission is certified by an attorney-in-fact and cites the specific exemption for dispositions to the issuer for tax withholding. There is no disclosure of additional derivative transactions, amendments, or changes in reporting status. The transaction date is 09/04/2025 and the Form 4 was signed on 09/08/2025.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Registered Shares | 831 | $106.04 | $88K |
Footnotes (2)
- F1. In an exempt disposition to the Issuer under rule 16b-3(e), the recipient remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of shares with respect to previously reported RSUs.
- F2. The reported amount represents the closing price on the SIX Swiss Exchange of CHF 85.40, as converted into U.S. dollars at the exchange rate of 1 CHF to U.S. $1.24173, as in effect on September 4, 2025.
FAQ
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What did Wendy Becker report on the LOGI Form 4?
When was the Form 4 signed and by whom?
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