Anterix (ATEX) executive has 1,426 RSU shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Anterix Inc.'s Chief Reg & Comm Officer Christopher Guttman-McCabe reported a routine tax-related share disposition. On the RSU vesting date, 1,426 shares of common stock were withheld by Anterix at $57.06 per share to satisfy withholding obligations tied to the partial vesting and settlement of restricted stock units.
This was not an open-market sale but an automatic tax-withholding disposition connected to equity compensation. After this transaction, Guttman-McCabe directly holds 41,466 shares of Anterix common stock, indicating he retains a meaningful equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Guttman-McCabe Christopher
Role
Chief Reg & Comm Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,426 | $57.06 | $81K |
Holdings After Transaction:
Common Stock — 41,466 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,426 shares
Withholding price per share: $57.06 per share
Shares held after transaction: 41,466 shares
3 metrics
Shares withheld for taxes
1,426 shares
Tax-withholding disposition on restricted stock unit vesting
Withholding price per share
$57.06 per share
Value used for withheld Anterix common shares
Shares held after transaction
41,466 shares
Direct holdings of Christopher Guttman-McCabe following Form 4
Key Terms
restricted stock units, withholding obligations, tax-withholding disposition
3 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
"withheld by the Issuer to satisfy withholding obligations in connection with"
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.
FAQ
What insider transaction did Anterix (ATEX) report for Christopher Guttman-McCabe?
Anterix reported that Chief Reg & Comm Officer Christopher Guttman-McCabe had 1,426 common shares withheld. The shares were used to cover tax obligations related to the partial vesting and settlement of restricted stock units, rather than being sold on the open market.
Was the Anterix (ATEX) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. The 1,426 Anterix common shares were withheld by the company to satisfy tax withholding obligations associated with restricted stock unit vesting, a standard equity compensation and payroll-tax mechanism.
What is the significance of the restricted stock unit vesting in Anterix (ATEX) Form 4?
The Form 4 shows that restricted stock units partially vested and settled for Christopher Guttman-McCabe. As part of that process, 1,426 shares were withheld at $57.06 per share to satisfy tax withholding obligations, a common feature of equity-based executive compensation programs.