Apogee (APOG) president has 1,306 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
APOGEE ENTERPRISES, INC. executive Veena M. Lakkundi had 1,306 shares of common stock withheld at $36.40 per share to cover tax liabilities tied to equity compensation. After this tax-withholding disposition, she directly holds 39,158 shares, including restricted stock granted under the 2019 Stock Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lakkundi Veena M
Role
Pres, Performance Surfaces
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,306 | $36.40 | $48K |
Holdings After Transaction:
Common Stock — 39,158 shares (Direct, null)
Footnotes (1)
- Includes the aggregate number of shares withheld for tax liability. Includes shares of restricted stock granted under the 2019 Stock Incentive Plan.
Key Figures
Tax-withholding shares: 1,306 shares
Tax-withholding price: $36.40 per share
Shares held after transaction: 39,158 shares
3 metrics
Tax-withholding shares
1,306 shares
Shares withheld to cover tax liability
Tax-withholding price
$36.40 per share
Value assigned to withheld shares
Shares held after transaction
39,158 shares
Direct holdings after tax-withholding disposition
Key Terms
tax-withholding disposition, restricted stock, 2019 Stock Incentive Plan
3 terms
tax-withholding disposition financial
"reported a tax-withholding disposition of 1,306 shares of Apogee common stock"
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.
restricted stock financial
"includes restricted stock granted under the 2019 Stock Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2019 Stock Incentive Plan financial
"restricted stock granted under the 2019 Stock Incentive Plan"
FAQ
What insider transaction did APOG executive Veena Lakkundi report on this Form 4?
Veena M. Lakkundi reported a tax-withholding disposition of 1,306 shares of Apogee common stock at $36.40 per share. The shares were withheld to satisfy tax liabilities related to equity compensation, rather than being sold in an open-market transaction.
What does transaction code F mean in the APOG Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this Apogee filing, it reflects that 1,306 shares were withheld to satisfy Veena Lakkundi’s tax obligations rather than representing a discretionary market sale.