BRC Inc. (BRCC) officer has shares withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BRC Inc. principal accounting officer Robert Henry reported a disposition of 2,179 shares of Class A common stock on a tax-related basis. The shares were withheld by the company at $0.62 per share to cover his tax obligations upon restricted stock unit vesting, leaving him with 177,240 shares directly owned afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lee Robert Henry
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 2,179 | $0.62 | $1K |
Holdings After Transaction:
Class A Common Stock — 177,240 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BRC Inc. (BRCC) report for Robert Henry?
BRC Inc. reported that principal accounting officer Robert Henry had 2,179 Class A shares withheld to cover taxes on restricted stock unit vesting. This tax-withholding disposition was recorded at $0.62 per share and is not an open-market stock sale.
Was the BRCC insider Form 4 a stock sale by Robert Henry?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. BRC Inc. withheld 2,179 shares from Robert Henry to satisfy his tax obligations related to vesting restricted stock units rather than him actively selling shares in the market.
What does transaction code F mean in the BRCC Form 4 filing?
Transaction code F indicates shares were used to pay the exercise price or tax liability. In this BRCC Form 4, 2,179 shares were withheld by the issuer to settle Robert Henry’s tax obligations tied to restricted stock unit vesting instead of a cash payment.