Anterix Inc. (ATEX) CLO reports 2,501-share RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Anterix Inc. Chief Legal Officer & Corporate Secretary Gena L. Ashe reported a routine tax-related share withholding. On the transaction date, 2,501 shares of common stock were withheld by Anterix to cover withholding obligations tied to a partial vesting and settlement of restricted stock units, at an implied value of $60.00 per share. Following this non-market transaction, Ashe directly holds 13,531 shares of Anterix common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ashe Gena L
Role
Chief Legal Officer & Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,501 | $60.00 | $150K |
Holdings After Transaction:
Common Stock — 13,531 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,501 shares
Withholding price per share: $60.00 per share
Shares held after transaction: 13,531 shares
+1 more
4 metrics
Shares withheld for taxes
2,501 shares
Withholding on RSU vesting
Withholding price per share
$60.00 per share
Value assigned to withheld shares
Shares held after transaction
13,531 shares
Direct holdings following tax-withholding disposition
Tax-withholding shares
2,501 shares
Classified as tax-withholding disposition (Code F)
Key Terms
restricted stock units, withholding obligations, tax-withholding disposition, Common Stock
4 terms
restricted stock units financial
"in connection with the partial vesting and settlement 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.
withholding obligations financial
"The shares were withheld by the Issuer to satisfy withholding obligations"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Anterix (ATEX) Chief Legal Officer Gena L. Ashe report on this Form 4?
Gena L. Ashe reported that 2,501 Anterix shares were withheld by the company to satisfy tax obligations on partially vesting restricted stock units. This is a non-market, administrative transaction rather than an open-market purchase or sale.
Does this Anterix (ATEX) Form 4 indicate an open-market sale by Gena L. Ashe?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. The company retained 2,501 shares to cover Ashe’s withholding obligations related to vesting restricted stock units, a common mechanism in equity compensation.