Abacus Global (ABX) CFO has 65,583 shares withheld to cover RSU taxes
Rhea-AI Filing Summary
Abacus Global Management, Inc. reported that Chief Financial Officer William Hugh McCauley Jr. had 65,583 shares of common stock withheld on July 3, 2026 at $11.86 per share to satisfy tax withholding obligations related to vesting and settlement of RSUs in a withhold-to-cover transaction. After this tax-withholding disposition, he directly owns 1,040,260 shares of Abacus Global Management common stock. The filing indicates the transaction was not made under a Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary
Net Seller: 65,583 shares
Net Sell
1 txn
Insider
McCauley William Hugh JR
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 65,583 | $11.86 | $778K |
Holdings After Transaction:
Common Stock — 1,040,260 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The Reporting Person has elected to satisfy tax withholding obligations through a "withhold to cover" transaction.
Key Figures
Shares withheld for taxes: 65,583 shares
Withholding price: $11.86 per share
Shares owned after transaction: 1,040,260 shares
3 metrics
Shares withheld for taxes
65,583 shares
Common stock withheld on July 3, 2026 to cover RSU tax obligations
Withholding price
$11.86 per share
Value used for tax-withholding disposition of 65,583 shares
Shares owned after transaction
1,040,260 shares
Direct ownership of CFO William Hugh McCauley Jr. after tax withholding
Key Terms
RSUs, withhold to cover, tax withholding obligations
3 terms
RSUs financial
"tax withholding obligations in connection with the vesting and settlement of RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
withhold to cover financial
"elected to satisfy tax withholding obligations through a withhold to cover transaction"
tax withholding obligations financial
"shares withheld by the Issuer to cover tax withholding obligations"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Abacus Global (ABX) report for its CFO?
Abacus Global’s CFO reported a tax-withholding disposition where 65,583 shares of common stock were withheld by the issuer to cover RSU-related tax obligations, rather than an open-market sale.
Was the Abacus Global (ABX) CFO’s transaction under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked, and there is no footnote indicating a trading plan, so the reported tax-withholding transaction was not made under a Rule 10b5-1 arrangement.