Hilberg Christopher 4
Research Summary
AI-generated summary
SkyWater (SKYT) Christopher Hilberg Sells 1,317 Shares
What Happened
Christopher Hilberg, SkyWater Technology's Chief Risk & Compliance Officer, had 1,317 shares disposed on 2026-03-16 to cover tax withholding related to vested restricted stock units. The shares were valued at $27.86 each, for total proceeds of $36,692; the transaction is recorded as a disposal (code F).
Key Details
- Transaction date: 2026-03-16; Filing date: 2026-03-18 (appears timely — within typical 2 business days required for Form 4).
- Price per share: $27.86; Shares disposed: 1,317; Total value: $36,692.
- Transaction code: F — tax withholding (shares sold to satisfy statutory tax obligations on RSU vesting).
- Shares owned after transaction: Not specified on the reported Form 4.
- Footnote: F1 clarifies these shares were sold to cover tax withholding on vested restricted stock units.
Context
This was a routine withholding-related disposition (not an open-market sell for cash proceeds beyond covering taxes). Such transactions commonly occur when equity awards vest and companies or insiders sell a portion of shares to satisfy withholding tax obligations; they generally do not indicate a change in the insider’s view on the company.