Advantage Solutions (ADV) withholds insider shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Advantage Solutions Inc. reported that officer Michael Larry Taylor had 387 shares of Class A Common Stock withheld by the company to cover tax obligations when his restricted stock units vested. After this tax-withholding disposition, he holds 26,956 shares directly. This was not an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taylor Michael Larry
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 387 | $33.76 | $13K |
Holdings After Transaction:
Class A Common Stock — 26,956 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 387 shares
Withholding share value: $33.76 per share
Shares held after transaction: 26,956 shares
3 metrics
Shares withheld for taxes
387 shares
Withheld to satisfy tax on RSU vesting
Withholding share value
$33.76 per share
Value applied to 387 withheld shares
Shares held after transaction
26,956 shares
Direct holdings after tax-withholding disposition
Key Terms
restricted stock units, Class A Common Stock, tax-withholding disposition
3 terms
restricted stock units financial
"tax withholding requirements on vesting of restricted stock units"
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.
Class A Common Stock financial
"security_title: Class A Common Stock for this transaction"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition of 387 shares"
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 Michael Larry Taylor report in this Advantage Solutions (ADV) Form 4?
Michael Larry Taylor reported a tax-withholding disposition of 387 shares of Advantage Solutions Class A Common Stock. The company withheld these shares to satisfy tax obligations upon vesting of restricted stock units, rather than selling them in the open market.
Was the Advantage Solutions (ADV) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 387 shares of Advantage Solutions Class A Common Stock were withheld by the company to satisfy tax withholding requirements on vested restricted stock units, rather than being sold to outside buyers on the market.
What does a tax-withholding disposition mean for Advantage Solutions (ADV) insiders?
A tax-withholding disposition means the company keeps a portion of vested shares to pay taxes owed by the insider. In this case, Advantage Solutions withheld 387 shares from Michael Larry Taylor when his restricted stock units vested, instead of requiring him to pay cash for the tax liability.