Agilent (NYSE: A) CEO surrenders 418 shares to cover RSU tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AGILENT TECHNOLOGIES, INC. President and CEO Padraig McDonnell reported a routine share disposition related to taxes. He surrendered 418 shares of common stock to Agilent to satisfy the tax liability on the vesting of restricted stock units, as allowed under Rule 16b-3. After this tax-withholding transaction, he holds 65,842 shares of Agilent common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCDONNELL PADRAIG
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 418 | $137.40 | $57K |
Holdings After Transaction:
Common Stock — 65,842 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares surrendered: 418 shares
Reported price per share: $137.40 per share
Shares held after transaction: 65,842 shares
3 metrics
Shares surrendered
418 shares
Tax-withholding disposition for RSU vesting
Reported price per share
$137.40 per share
Value used for surrendered shares
Shares held after transaction
65,842 shares
Direct holdings following tax-withholding event
Key Terms
restricted stock units, Rule 16b-3, tax liability, tax-withholding disposition
4 terms
restricted stock units financial
"to satisfy the 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 liability financial
"to satisfy the tax liability on the vesting of restricted stock units"
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 insider transaction did Agilent (A) CEO Padraig McDonnell report?
Padraig McDonnell reported surrendering 418 shares of Agilent common stock. The shares were delivered back to Agilent to cover tax obligations from vesting restricted stock units, rather than being sold on the open market.
Was the Agilent (A) CEO’s Form 4 transaction an open-market sale?
No. The Form 4 shows a tax-withholding disposition of 418 shares. These shares were surrendered to Agilent to pay taxes on vested restricted stock units, not sold to public investors on an exchange.