BRC Inc. (BRCC) CEO has shares withheld to cover RSU taxes
Rhea-AI Filing Summary
BRC Inc. President and CEO Christopher Mondzelewski reported a tax-related share disposition tied to equity compensation. On the vesting of restricted stock units, 15,798 shares of Class A common stock were withheld by the company at $0.62 per share to cover his tax obligations. After this withholding, he directly holds 581,060 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,798 shares
Net Sell
1 txn
Insider
Mondzelewski Christopher
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 15,798 | $0.62 | $10K |
Holdings After Transaction:
Class A Common Stock — 581,060 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted stock units.
FAQ
What insider transaction did BRC Inc. (BRCC) report for its CEO?
BRC Inc. reported that President and CEO Christopher Mondzelewski had shares withheld to cover taxes on vested restricted stock units. The company withheld 15,798 shares of Class A common stock, rather than the CEO selling shares in an open-market transaction.
Was the BRC Inc. CEO’s Form 4 transaction an open-market sale?
The transaction was not an open-market sale. According to the filing, BRC Inc. withheld 15,798 shares from Christopher Mondzelewski to satisfy tax withholding obligations related to the vesting of restricted stock units, rather than him selling shares on the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.