Richardson Electronics (RELL) CFO Ben Robert J Surrenders 1,000 Shares for Taxes

What Happened

• Ben Robert J, CFO (also CAO and Corporate Secretary) of Richardson Electronics (RELL), had a total of 1,000 shares surrendered to the company to satisfy income tax withholding tied to the vesting of previously granted restricted shares. The transactions were net settlements (not open-market sales) and totaled $17,595.

Key Details

• Transaction dates and prices:
  • 2026-07-21: 500 shares surrendered at $17.18 each = $8,590 (footnote F1)
  • 2026-07-22: 500 shares surrendered at $18.01 each = $9,005 (footnote F2)
• Filing date: Form 4 filed 2026-07-23 (timely; within reporting window)
• Transaction code: F — shares surrendered to satisfy tax withholding (net settlement), per footnotes
• Shares owned after the transactions: not specified in the information provided on this filing
• Footnotes clarify these were not sales by the reporting person but shares withheld by the issuer to cover taxes

Context

• This is a routine tax-withholding (cashless/net settlement) following the vesting of restricted stock. Such withholding transactions are administrative and do not necessarily indicate insider sentiment about the company.