BOX (NYSE: BOX) CFO reports RSU bonus grant and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOX Inc Chief Financial Officer Dylan C. Smith reported routine equity compensation activity involving Class A common stock. He received 4,614 shares through a grant of Restricted Stock Units as a bonus under the Company’s Fiscal Year 2026 Executive Bonus Plan, which were deemed 100% vested immediately after grant. On the same date, 2,316 shares were withheld by the company to cover income tax and withholding obligations in connection with the net settlement of RSUs, as noted in the filing, and this did not represent an open-market sale. Following these transactions, he directly held 1,407,085 shares of Box common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Smith Dylan C
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 4,614 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,316 | $24.33 | $56K |
Holdings After Transaction:
Class A Common Stock — 1,407,085 shares (Direct, null)
Footnotes (1)
- Represents Restricted Stock Units ("RSUs") that were granted as a bonus payment earned under the Company's Fiscal Year 2026 Executive Bonus Plan. These RSUs were deemed 100% vested immediately following their grant. Certain of these shares are represented by time-based and performance-based RSUs. Each RSU represents the Reporting Person's right to receive one share of Common Stock of the Issuer subject to the applicable vesting schedule and the Reporting Person's continuous service through each such date. Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of RSUs and does not represent a sale by the Reporting Person.
Key Figures
RSU bonus grant: 4,614 shares
Tax withholding shares: 2,316 shares
Reported price for withholding: $24.33 per share
+3 more
6 metrics
RSU bonus grant
4,614 shares
Restricted Stock Units granted under Fiscal Year 2026 Executive Bonus Plan
Tax withholding shares
2,316 shares
Shares withheld to satisfy tax obligations on RSU net settlement
Reported price for withholding
$24.33 per share
Value used for shares withheld on April 22, 2026
Shares after withholding
1,404,769 shares
Direct holdings following tax-withholding disposition entry
Shares after grant
1,407,085 shares
Direct holdings following RSU grant/award acquisition entry
Net buy/sell shares
0 shares
transactionSummary netBuySellShares marked neutral
Key Terms
Restricted Stock Units ("RSUs"), net settlement of RSUs, performance-based RSUs, Fiscal Year 2026 Executive Bonus Plan
4 terms
Restricted Stock Units ("RSUs") financial
"Represents Restricted Stock Units ("RSUs") that were granted as a bonus payment"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
net settlement of RSUs financial
"in connection with the net settlement of RSUs and does not represent a sale"
performance-based RSUs financial
"Certain of these shares are represented by time-based and performance-based RSUs."
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
Fiscal Year 2026 Executive Bonus Plan financial
"earned under the Company's Fiscal Year 2026 Executive Bonus Plan."
FAQ
What insider transactions did BOX (BOX) CFO Dylan Smith report?
BOX CFO Dylan Smith reported a grant of 4,614 Restricted Stock Units and the withholding of 2,316 shares for taxes. These were compensation-related entries, not open-market trades, and left him holding 1,407,085 Box Class A common shares directly.
Were the BOX (BOX) insider transactions open-market buys or sells?
The reported BOX insider transactions were not open-market trades. Smith received 4,614 RSUs as bonus compensation and 2,316 shares were withheld by the company to satisfy tax obligations related to RSU settlement, according to the filing footnotes.
What is the nature of the 4,614 RSUs granted to BOX (BOX) CFO?
The 4,614 RSUs granted to BOX’s CFO represent a bonus earned under the Company’s Fiscal Year 2026 Executive Bonus Plan. The filing states these RSUs were deemed 100% vested immediately upon grant, each representing the right to receive one share of common stock.