SiTime (NASDAQ: SITM) officer uses 5,977 shares for tax payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SITIME Corp officer Lionel Bonnot reported a tax-related share disposition. On May 20, 2026, 5,977 shares of common stock were delivered at $697 per share to cover exercise price or tax liabilities, a routine tax-withholding disposition rather than an open-market sale.
After this transaction, Bonnot directly holds 74,297 shares of SITIME common stock. This includes 65,813 unvested shares issuable from previously reported restricted stock units and performance-based restricted stock units, with 23,215 time-based RSUs and 42,598 performance-based RSUs tied to absolute and relative stock-price performance over various periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bonnot Lionel
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,977 | $697.00 | $4.17M |
Holdings After Transaction:
Common Stock — 74,297 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withholding shares: 5,977 shares
Price per share: $697
Shares after transaction: 74,297 shares
+3 more
6 metrics
Tax-withholding shares
5,977 shares
Common stock delivered for tax/payment on May 20, 2026
Price per share
$697
Value used for the 5,977-share tax-withholding disposition
Shares after transaction
74,297 shares
Total common shares held directly by Bonnot after disposition
Unvested equity awards
65,813 shares
Shares issuable from unvested RSUs and performance-based RSUs
Time-based RSUs
23,215 units
Restricted stock units that vest over time
Performance-based RSUs
42,598 units
Units vesting on absolute and relative price performance
Key Terms
tax-withholding disposition, restricted stock units, performance-based restricted stock units, absolute and relative price performance
4 terms
tax-withholding disposition financial
"a routine tax-withholding disposition rather than an open-market sale"
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
"issuable pursuant to previously reported restricted stock units and performance-based 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
"42,598 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.
absolute and relative price performance financial
"vest based on certain absolute and relative price performance of the issuer's common stock"
FAQ
What insider transaction did SITIME (SITM) officer Lionel Bonnot report?
Lionel Bonnot reported a tax-withholding disposition of 5,977 SITIME common shares. These shares were delivered to cover exercise price or tax liabilities, rather than sold on the open market, and are classified under transaction code F.
What unvested equity awards does Lionel Bonnot have in SITIME (SITM)?
Bonnot has 65,813 unvested shares issuable from equity awards. These comprise 23,215 time-based restricted stock units and 42,598 performance-based restricted stock units, which vest based on absolute and relative stock-price performance over specified periods.