Shelton Jodi Lynn 4
Research Summary
AI-generated summary
Silvaco (SVCO) Former Director Jodi Shelton Receives Stock Award
What Happened
- Jodi Lynn Shelton, a former director of Silvaco Group, Inc. (SVCO), was awarded 1,817 shares of Silvaco common stock on 2026-04-22. The Form 4 reports an acquisition price of $0.00 and a transaction code of "A" (award/grant).
- The filing notes the stock award was made in lieu of quarterly cash retainers; the award’s fair market value was intended to equal the cash that would otherwise have been paid.
Key Details
- Transaction date: 2026-04-22; Form 4 filed: 2026-04-27.
- Transaction type/code: Award/Grant (A).
- Shares acquired: 1,817; reported acquisition price: $0.00.
- Shares owned after transaction: not specified in the supplied filing.
- Footnote: The shares were issued pursuant to an amendment to the issuer’s non-employee director compensation plan replacing quarterly cash retainers for Q1 FY2026 and Q2 FY2026-to-date with an equivalent-value stock award.
- Timeliness: The Form 4 was filed five days after the transaction; Form 4s are typically due within two business days, so this filing appears later than the usual reporting window.
Context
- This was a compensation-related award (not an open-market purchase or sale). Such awards are routine and reflect company compensation policy rather than an expressed buy/sell signal by the insider.
- The filing shows $0 as the acquisition price on Form 4, but the footnote clarifies the shares' fair market value was intended to replace cash retainers.