Loparco Michael J 4

What Happened

• Michael J. Loparco, a director of Sanmina Corporation (SANM), was granted two restricted stock unit (RSU) awards on 2026-03-16 (transaction code A).
• The grants: 1,536 RSUs at $123.69/share (value $189,988) and 768 RSUs at $123.69/share (value $94,994), totaling 2,304 RSUs with a combined grant-date value of $284,982 (~$285K).
• This is an award/grant (not a sale or exercise): Loparco did not sell shares; he received contingent rights to future shares.

Key Details

• Transaction date and reported price: 2026-03-16 at $123.69 per share (Form 4 filed 2026-03-18).
• Share counts and values: 1,536 RSUs ($189,988) + 768 RSUs ($94,994) = 2,304 RSUs (~$284,982).
• Vesting notes (from filing footnotes):
  • Each RSU represents a contingent right to receive one share of Sanmina common stock.
  • One award vests in four equal quarterly installments from the grant date.
  • The other award vests one day prior to the 2027 annual shareholders’ meeting.
• Filing timeliness: Form 4 was filed two days after the grant date and appears to be a timely report (no late filing flagged).
• Shares owned after transaction: not specified in the provided summary.

Context

• RSUs are deferred stock awards; they convert into shares only after vesting and are not an immediate open-market purchase. They are commonly used for compensation and retention.
• Awards like these are routine insider compensation and do not, by themselves, indicate a buy or sell decision by the insider. They do increase potential future share dilution once vested and settled.