SkyWater CFO has 2,842 shares withheld for taxes
SkyWater Technology CFO Steve Manko reported a routine tax-related share disposition.
Rhea-AI Filing Summary
SkyWater Technology CFO Steve Manko reported a routine tax-related share disposition. On the vesting of restricted stock units, 2,842 shares of common stock were sold to cover statutory tax withholding obligations, as noted in the footnote. After this transaction, he directly holds 296,567 shares, indicating he retained the vast majority of his position.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding; minimal impact on insider ownership.
CFO Steve Manko had 2,842 shares of SkyWater Technology common stock disposed of to satisfy statutory tax withholding tied to restricted stock unit vesting. This Form 4 uses transaction code F, which signals a tax-withholding mechanism rather than an open-market trade.
Following the transaction, he directly owns 296,567 shares, so the withheld amount represents a small fraction of his holdings. Because this is a compensation-related, non-discretionary event, it carries limited informational value about his view of the company and does not materially change the investment case visible from this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,842 | $27.86 | $79K |
Footnotes (1)
- F1. Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of restricted stock units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SkyWater Technology (SKYT) report for CFO Steve Manko?
Was the SkyWater Technology (SKYT) CFO’s Form 4 transaction an open-market sale?
What does transaction code F mean in the SkyWater Technology (SKYT) Form 4?
Does the SkyWater Technology (SKYT) CFO’s Form 4 suggest a change in sentiment?
AI-generated analysis. How Rhea-AI works. Not financial advice.