AGNC (AGNC) EVP Pollack logs tax-withholding disposition of 46,566 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AGNC Investment Corp. executive vice president and general counsel Kenneth L. Pollack reported a tax-related share disposition. On the vesting of restricted stock unit awards, 46,566 common shares were withheld at $11.30 per share to cover required tax withholdings. After these withholdings, he directly holds 510,851 common shares, which include 5,120 dividend equivalent restricted stock units received since his last Form 4.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pollack Kenneth L.
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 46,566 | $11.30 | $526K |
Holdings After Transaction:
Common Stock — 510,851 shares (Direct)
Footnotes (1)
- Dispositions represent shares withheld upon vesting of restricted stock unit awards to cover required tax withholdings. Includes 5,120 dividend equivalent restricted stock units received on previously granted RSU awards since the Reporting Person's last Form 4 filing.
FAQ
What insider transaction did AGNC (AGNC) report for Kenneth L. Pollack?
AGNC reported that executive vice president and general counsel Kenneth L. Pollack had 46,566 common shares withheld upon RSU vesting to cover tax obligations. This was a tax-withholding disposition, not an open-market sale, and reflects standard settlement of equity compensation taxes.
What do the dividend equivalent restricted stock units mean in AGNC (AGNC)’s Form 4?
Dividend equivalent restricted stock units represent additional RSUs credited in connection with dividends on earlier RSU awards. The filing notes 5,120 such units added since Pollack’s last Form 4, and they are included in his reported post-transaction direct share ownership balance.