Sanmina (SANM) director receives 1,536-share restricted stock unit award
Rhea-AI Filing Summary
Sankaran Mythili reported acquisition or exercise transactions in this Form 4 filing.
SANMINA CORP director Mythili Sankaran received a grant of 1,536 shares of common stock in the form of restricted stock units. The grant is valued at $123.69 per share on the grant date. These restricted stock units vest in four equal quarterly installments from the date of grant.
After this award, Sankaran directly owns 6,214 shares of Sanmina common stock. Because this is a stock grant rather than an open-market purchase, it reflects equity-based compensation aligned with Sanmina’s director pay structure rather than a discretionary buy in the market.
Positive
- None.
Negative
- None.
Insights
Director receives routine restricted stock unit grant as equity compensation.
Mythili Sankaran, a director of SANMINA CORP, acquired 1,536 shares via a restricted stock unit award at $123.69 per share. This is coded as a grant/award transaction, indicating compensation rather than an open-market investment decision.
The units vest in four equal quarterly installments from the grant date, spreading recognition over one year. Following this grant, she holds 6,214 common shares directly, so the award is modest in scale and typical of ongoing board equity compensation programs.
There are no derivative positions reported and no sales or tax-withholding dispositions in this filing. Overall, the event appears routine and administrative, with limited direct implications for Sanmina’s broader financial outlook.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,536 | $123.69 | $190K |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Sanmina Corporation common stock. The restricted stock units vest in four equal quarterly installments from date of grant.