Adeia (NASDAQ: ADEA) CEO reports 52,661-share tax withholding disposition
Rhea-AI Filing Summary
Adeia Inc. director and Chief Executive Officer Paul E. Davis reported a routine share disposition related to tax obligations, not an open-market trade. A total of 52,661 shares of Common Stock were withheld at $28.61 per share to satisfy tax withholding obligations tied to the release of previously vesting shares. Following this tax-withholding event, Davis directly holds 1,522,947 shares of Adeia Common Stock, indicating he retained a substantial equity position after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 52,661 | $28.61 | $1.51M |
Footnotes (1)
- F1. Shares were withheld to satisfy tax withholding obligations in connection with the release of shares subject to vesting
Key Figures
Key Terms
tax withholding obligations financial
vesting financial
Common Stock financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Adeia (ADEA) CEO Paul E. Davis report?
Paul E. Davis reported a tax-related share disposition, not an open-market sale. Adeia withheld 52,661 shares of Common Stock to cover tax obligations arising from the release of vesting shares, a routine administrative step linked to equity compensation programs.
Was the Adeia (ADEA) CEO’s Form 4 transaction a stock sale on the open market?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by Adeia to pay tax obligations associated with vesting shares, a typical accounting and payroll mechanism for equity compensation awards.