Pangrazio Vincent P 4
Research Summary
AI-generated summary
SITM EVP Vincent Pangrazio Surrenders 3,438 Shares for Taxes
What Happened
Vincent P. Pangrazio, EVP, Chief Legal Officer & Corporate Secretary of SITIME Corp (SITM), disposed of 3,438 shares on May 20, 2026. The shares were reported at $697.00 each for a total value of about $2,396,286. The Form 4 lists this as code F — payment of exercise price or tax liability — indicating the shares were surrendered to satisfy tax withholding obligations rather than sold on the open market.
Key Details
- Transaction date and price: 2026-05-20 at $697.00 per share.
- Shares surrendered: 3,438; total value ≈ $2,396,286.
- Transaction code: F — payment of exercise price or tax liability (tax withholding).
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: Filing notes 39,966 common shares remain issuable under previously reported restricted stock units (15,552 time-vested RSUs and 24,414 performance-based RSUs that vest on price/performance conditions).
- Filing date: May 22, 2026 — appears timely (Form 4 filed within the usual two-business-day window).
Context
This was a tax-withholding share surrender tied to equity awards (likely RSU vesting or option exercise), not an open-market sale; such transactions are routine and primarily administrative. The footnote shows a material number of unvested RSUs and performance-based awards still outstanding, which could lead to future vesting events and related withholding transactions.