BRC Inc. (BRCC) officer withholds 3,925 shares to cover RSU tax
Rhea-AI Filing Summary
BRC Inc. principal accounting officer Robert Henry reported a tax-related share disposition. On this Form 4, 3,925 shares of Class A Common Stock were withheld by the company at $0.7844 per share to cover his tax obligations upon restricted stock unit vesting. After this withholding, he directly holds 230,016 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,925 shares
Net Sell
1 txn
Insider
Lee Robert Henry
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 3,925 | $0.7844 | $3K |
Holdings After Transaction:
Class A Common Stock — 230,016 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 Robert Henry?
BRC Inc. reported that principal accounting officer Robert Henry had 3,925 Class A shares withheld. These shares were used to satisfy tax obligations tied to vesting restricted stock units, rather than an open-market sale, and were processed at $0.7844 per share.
Was the BRC Inc. (BRCC) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The issuer retained 3,925 shares to cover Robert Henry’s tax obligations when his restricted stock units vested, consistent with transaction code F and its description.
What does transaction code F mean in the BRC Inc. (BRCC) Form 4?
Transaction code F indicates shares were used to pay an exercise price or tax liability. In this case, 3,925 shares of BRC Inc. Class A stock were withheld by the issuer to satisfy Robert Henry’s tax obligations tied to restricted stock unit vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.