Magnachip Semiconductor (MX) CFO has shares withheld for tax on vesting
Rhea-AI Filing Summary
Magnachip Semiconductor Corp. reported insider equity activity by its Chief Financial Officer, Shin Young Park. On 12/31/2025, the company withheld shares of common stock to cover the CFO's tax obligations arising from vesting awards. The issuer withheld 6,121 shares from a vesting of 12,508 shares originally granted on February 16, 2023, 12,234 shares from a vesting of 25,000 shares granted on June 1, 2024, and 17,977 shares from a vesting of 36,736 shares granted on June 1, 2025, each at a price of $2.55 per share. After these transactions, the reporting person beneficially owned 215,454 shares of common stock directly. These withholdings are routine administrative transactions to satisfy tax liabilities rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,121 | $2.55 | $16K |
| Tax Withholding | Common Stock | 12,234 | $2.55 | $31K |
| Tax Withholding | Common Stock | 17,977 | $2.55 | $46K |
Footnotes (1)
- This transaction represents the withholding by the Issuer of 6,121 shares of common stock to satisfy tax withholding obligations incurred by the Reporting Person upon the vesting of 12,508 shares of common stock originally awarded to the Reporting Person on February 16, 2023. This transaction represents the withholding by the Issuer of 12,234 shares of common stock to satisfy tax withholding obligations incurred by the Reporting Person upon the vesting of 25,000 shares of common stock originally awarded to the Reporting Person on June 1, 2024. This transaction represents the withholding by the Issuer of 17,977 shares of common stock to satisfy tax withholding obligations incurred by the Reporting Person upon the vesting of 36,736 shares of common stock originally awarded to the Reporting Person on June 1, 2025.
FAQ
What insider activity did Magnachip Semiconductor (MX) report in this Form 4?
The filing reports that the Chief Financial Officer, Shin Young Park, had shares of Magnachip Semiconductor Corp. common stock withheld by the company on 12/31/2025 to cover tax obligations tied to vesting equity awards.
Were these Magnachip (MX) insider transactions open-market trades?
No. The filing explains that each transaction represents withholding by the issuer of common stock to satisfy the CFO's tax withholding obligations upon vesting of previously granted stock awards, rather than open-market buying or selling.
Which equity awards triggered the tax withholding for the Magnachip (MX) CFO?
The tax withholding arose from vesting of awards originally granted on February 16, 2023 (12,508 shares), June 1, 2024 (25,000 shares), and June 1, 2025 (36,736 shares) to the Chief Financial Officer.
What is the CFO's role and relationship to Magnachip Semiconductor (MX)?
The reporting person in the filing is an officer of Magnachip Semiconductor Corp., serving as its Chief Financial Officer, and the Form 4 is filed for one reporting person.