Agilent (NYSE: A) SVP surrenders 30 shares to cover RSU tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Agilent Technologies Senior Vice President Jonah Prevost Kirkwood reported a small, routine share disposition related to taxes on equity compensation. He surrendered 30 shares of common stock to Agilent at $136.01 per share to cover the tax liability on vesting restricted stock units under Rule 16b-3. Following this tax-withholding transaction, he directly holds 14,108 shares of Agilent common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KIRKWOOD JONAH PREVOST
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 30 | $136.01 | $4K |
Holdings After Transaction:
Common Stock — 14,108 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares surrendered for taxes: 30 shares
Price per share: $136.01 per share
Shares held after transaction: 14,108 shares
3 metrics
Shares surrendered for taxes
30 shares
Tax-withholding disposition for RSU vesting
Price per share
$136.01 per share
Value used for 30-share tax surrender
Shares held after transaction
14,108 shares
Direct Agilent common stock holdings post-transaction
Key Terms
restricted stock units, Rule 16b-3, tax-withholding disposition
3 terms
restricted stock units financial
"tax liability on the vesting of restricted stock units in accordance with Rule 16b-3"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3 regulatory
"to satisfy the tax liability on the vesting of restricted stock units in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did Agilent (A) executive Jonah Prevost Kirkwood report in this Form 4?
He reported surrendering 30 Agilent shares to the company to cover taxes on vesting restricted stock units. This was a tax-withholding disposition, not an open-market sale, and is a routine part of equity compensation.
Was Jonah Kirkwood’s Agilent (A) transaction an open-market sale?
No. The filing states the 30 shares were surrendered to Agilent to satisfy tax liability on restricted stock unit vesting under Rule 16b-3. This is an internal withholding mechanism, not a discretionary open-market sale.
What is the role of Rule 16b-3 in this Agilent (A) Form 4?
Rule 16b-3 allows certain transactions between an issuer and its insiders, such as share surrenders for taxes, to be exempt from short-swing profit rules. The filing notes the 30-share surrender occurred in accordance with Rule 16b-3.