Sanmina (SANM) director awarded 1,536 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hedley David V III reported acquisition or exercise transactions in this Form 4 filing.
SANMINA CORP director David V. Hedley III received an equity award of 1,536 restricted stock units of Common Stock. The units were valued at $123.69 per share for reporting purposes and increase his direct holdings to 7,876 shares. Each unit represents a right to one share of common stock.
The restricted stock units vest in four equal quarterly installments from the grant date, meaning the shares are earned over one year as long as service conditions are met. This is a routine compensation-related grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hedley David V III
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,536 | $123.69 | $190K |
Holdings After Transaction:
Common Stock — 7,876 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 did Sanmina (SANM) director David V. Hedley III report on this Form 4?
He reported receiving 1,536 restricted stock units of Sanmina common stock as an equity award. These units represent a right to receive an equal number of shares, increasing his direct holdings to 7,876 shares after the grant, according to the filing details.
Was the SANM insider transaction a stock purchase or a compensation grant?
It was a compensation-related grant, not an open-market stock purchase. The Form 4 shows transaction code "A" for a grant or award, reflecting restricted stock units awarded to the director as part of his compensation rather than shares bought in the market.
What are the vesting terms of the Sanmina restricted stock units granted to the director?
The restricted stock units vest in four equal quarterly installments starting from the grant date. This means the award is earned over roughly one year, with one-quarter of the units becoming vested and deliverable as common shares at each quarterly vesting point.
What does each restricted stock unit in this SANM Form 4 represent?
Each restricted stock unit represents a contingent right to receive one share of Sanmina common stock. The units do not immediately deliver shares; instead, the shares are issued as the units vest according to the quarterly vesting schedule described in the footnotes.
At what value were the Sanmina restricted stock units reported in this Form 4?
The 1,536 restricted stock units were reported at $123.69 per unit for Form 4 purposes. This price reflects the value used in the filing to describe the grant, helping quantify the size of the director’s compensation-related equity award on the transaction date.