Alamo Group (ALG) VP uses 32 shares to cover equity tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alamo Group Inc. vice president of internal audit Lori L. Sullivan reported a tax-related share disposition. On the transaction date, 32 shares of common stock were withheld at a price of $184.78 per share to cover tax obligations. After this tax-withholding disposition, she directly owned 4,268 shares of Alamo Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sullivan Lori L
Role
VP, Internal Audit
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 32 | $184.78 | $6K |
Holdings After Transaction:
Common Stock — 4,268 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did ALG executive Lori L. Sullivan report?
Lori L. Sullivan reported a tax-withholding disposition of 32 Alamo Group common shares. The shares were valued at $184.78 each and were used to satisfy tax obligations related to equity compensation, rather than an open-market sale for investment purposes.
Was the ALG insider transaction a sale on the open market?
No, the transaction is classified as a tax-withholding disposition rather than an open-market sale. The 32 shares of Alamo Group common stock were delivered to cover tax liabilities, which is a common administrative step tied to stock-based compensation.
What transaction code was used in the Alamo Group (ALG) insider filing?
The insider transaction used code F, which indicates payment of exercise price or tax liability by delivering securities. Here, 32 Alamo Group common shares were withheld to satisfy tax obligations associated with equity compensation, instead of being sold in the market.
Does the ALG insider tax-withholding transaction signal a major ownership change?
The transaction involves only 32 shares used for tax withholding, leaving 4,268 shares directly owned. This indicates a small, administrative adjustment rather than a substantial change in Lori L. Sullivan’s overall ownership position in Alamo Group common stock.