SITIME (SITM) executive uses 3,438 shares for equity tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SITIME Corp executive Vincent P. Pangrazio reported a tax-related share disposition. On the transaction date, 3,438 shares of common stock were used to cover tax obligations at a price of $697 per share, a non‑market transaction classified as a tax-withholding disposition. After this event, he held 55,416 shares directly, which include 39,966 shares issuable from unvested restricted stock units and performance-based restricted stock units that may vest over time or based on stock price performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pangrazio Vincent P
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,438 | $697.00 | $2.40M |
Holdings After Transaction:
Common Stock — 55,416 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withholding shares: 3,438 shares
Tax-withholding price: $697 per share
Shares held after transaction: 55,416 shares
+3 more
6 metrics
Tax-withholding shares
3,438 shares
Shares delivered for tax liability on common stock
Tax-withholding price
$697 per share
Value used for tax-withholding disposition of common stock
Shares held after transaction
55,416 shares
Direct common stock holdings following tax-withholding disposition
Unvested stock units total
39,966 shares
Common stock issuable from unvested RSUs and performance units
Time-based RSUs
15,552 units
Restricted stock units that vest over time
Performance-based RSUs
24,414 units
Units vesting on absolute and relative stock price performance
Key Terms
tax-withholding disposition, restricted stock units, performance-based restricted stock units, performance periods
4 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock units financial
"shares issuable pursuant to previously reported restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock units financial
"performance-based restricted stock units that vest based on certain absolute and relative price performance"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
performance periods financial
"over various performance periods"
FAQ
What did SITM insider Vincent Pangrazio report in this Form 4?
Vincent P. Pangrazio reported a tax-withholding disposition of 3,438 SITIME Corp common shares. These shares were delivered to satisfy tax obligations, not sold in the open market, and the filing also updates his remaining share and unit-based holdings.
What are Vincent Pangrazio’s holdings after this SITM transaction?
After the transaction, Vincent P. Pangrazio held 55,416 SITIME shares directly. This figure includes shares underlying unvested restricted stock units and performance-based restricted stock units that may vest over time or based on the company’s stock price performance conditions.
How many unvested stock units does the SITM insider have?
The footnote states he has 39,966 unvested stock units in total. These consist of 15,552 time-based restricted stock units and 24,414 performance-based units that vest depending on absolute and relative stock price performance over various periods.