Abacus Global (ABL) CFO has 46,927 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abacus Global Management, Inc. Chief Financial Officer William Hugh McCauley Jr. reported a tax-related share disposition tied to restricted stock units (RSUs). On May 8, 2026, 46,927 shares of common stock were withheld at $9.08 per share to cover tax withholding obligations upon RSU vesting and settlement, under a “withhold to cover” election. After this non‑market transaction, McCauley directly held 1,105,843 shares of Abacus Global common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McCauley William Hugh JR
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 46,927 | $9.08 | $426K |
Holdings After Transaction:
Common Stock — 1,105,843 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 46,927 shares
Per-share value for withholding: $9.08 per share
Shares held after transaction: 1,105,843 shares
3 metrics
Tax-withheld shares
46,927 shares
Common stock withheld to cover RSU tax obligations on May 8, 2026
Per-share value for withholding
$9.08 per share
Value used for tax-withholding disposition of common stock
Shares held after transaction
1,105,843 shares
CFO’s direct common stock holdings following tax-withholding event
Key Terms
restricted stock units (RSUs), withhold to cover, tax withholding obligations, Form 4
4 terms
restricted stock units (RSUs) financial
"tax withholding obligations in connection with the vesting and settlement of RSUs"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
withhold to cover financial
"elected to satisfy tax withholding obligations through a "withhold to cover" transaction"
tax withholding obligations financial
"Represents shares withheld by the Issuer to cover tax withholding obligations"
Form 4 regulatory
"The Abacus Global (ABL) CFO’s Form 4 transaction was a tax-withholding disposition"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Abacus Global (ABL) report for its CFO?
Abacus Global’s CFO, William Hugh McCauley Jr., reported a tax-related disposition of 46,927 common shares. These shares were withheld by the company to cover RSU tax obligations and were not sold in the open market.
Was the Abacus Global (ABL) CFO’s Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding transaction, not an open-market sale. Shares were withheld by the issuer to satisfy tax obligations arising from the vesting and settlement of restricted stock units (RSUs).
What does “withhold to cover” mean in the Abacus Global (ABL) Form 4 footnote?
“Withhold to cover” means the company retains shares from vested RSUs instead of the holder paying cash for taxes. The issuer uses those withheld shares’ value to satisfy the reporting person’s tax withholding obligations.