Sanmina (NASDAQ: SANM) awards director 1,536 RSUs vesting quarterly
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BARNES SUSAN K reported acquisition or exercise transactions in this Form 4 filing.
Sanmina Corporation director Susan K. Barnes received an equity award of 1,536 restricted stock units of common stock. The grant is priced at $123.69 per share-equivalent, and each unit represents a contingent right to one Sanmina common share. The restricted stock units vest in four equal quarterly installments from the grant date. Following this award, Barnes directly holds 9,638 shares of Sanmina common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BARNES SUSAN K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,536 | $123.69 | $190K |
Holdings After Transaction:
Common Stock — 9,638 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Sanmina Corporation common stock. The restricted stock units vest in four equal quarterly installments from date of grant.
FAQ
What insider transaction did Sanmina (SANM) director Susan K. Barnes report?
Susan K. Barnes reported receiving an equity award of 1,536 restricted stock units of Sanmina common stock. Each unit equals one share upon vesting, reflecting compensation rather than an open-market stock purchase or sale.
What is the value per unit of Susan K. Barnes’ Sanmina (SANM) award?
The restricted stock units were granted at $123.69 per unit, with each unit representing a right to receive one share of Sanmina common stock, linking the director’s compensation directly to the company’s share price performance.
How do the new restricted stock units for Sanmina (SANM) vest?
The 1,536 restricted stock units granted to Susan K. Barnes vest in four equal quarterly installments from the grant date. This schedule spreads delivery of shares over one year, encouraging ongoing board service and alignment with shareholder interests.