Benchmark CEO has shares withheld for RSU taxes
Benchmark Electronics CEO Jeff Benck reported a tax-related share disposition linked to vesting of equity awards.
Rhea-AI Filing Summary
Benchmark Electronics CEO Jeff Benck reported a tax-related share disposition linked to vesting of equity awards. On the transaction date, 8,283 shares of common stock were withheld at a price of $58.38 per share to cover taxes on vested restricted stock units. After this withholding, Benck directly owned 388,963 shares of Benchmark Electronics common stock. This was a tax-withholding disposition, not an open-market share sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 8,283 shares
Exercise Price or Tax Liability
1 txn
Insider
Benck Jeff
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 8,283 | $58.38 | $484K |
Holdings After Transaction:
Common Stock — 388,963 shares (Direct)
Footnotes (1)
- F1. These shares are being withheld to cover taxes related to the vesting of restricted stock units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Benchmark Electronics (BHE) report for Jeff Benck?
Benchmark Electronics reported that CEO Jeff Benck had 8,283 common shares withheld to cover taxes on vested restricted stock units. This was recorded as a tax-withholding disposition, rather than an open-market purchase or sale of company stock.
Was Jeff Benck’s Benchmark Electronics (BHE) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. Shares were withheld to satisfy tax obligations arising from the vesting of restricted stock units, as indicated by the Form 4 code F and the accompanying footnote explanation.
What does transaction code F mean in the Benchmark Electronics (BHE) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, shares of Benchmark Electronics common stock were withheld to cover taxes due on the vesting of restricted stock units granted to CEO Jeff Benck.
AI-generated analysis. How Rhea-AI works. Not financial advice.