BRC Inc. (BRCC) accounting officer uses 14,825 shares for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BRC Inc. Principal Accounting Officer Robert Henry Lee reported a routine tax-related share disposition. On the vesting of restricted stock units, the company withheld 14,825 shares of Class A Common Stock to satisfy his tax withholding obligations. Following this withholding, Lee continues to directly own 215,191 shares of Class A Common Stock, so the event does not reflect an open-market sale or a change in his investment stance.
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 | 14,825 | $0.7982 | $12K |
Holdings After Transaction:
Class A Common Stock — 215,191 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 14,825 shares
Withholding price per share: $0.7982 per share
Shares owned after transaction: 215,191 shares
+1 more
4 metrics
Shares withheld for taxes
14,825 shares
Class A Common Stock withheld for tax obligations on RSU vesting
Withholding price per share
$0.7982 per share
Value used for the 14,825 withheld shares
Shares owned after transaction
215,191 shares
Direct holdings of Class A Common Stock after tax withholding
Tax-withholding transactions
1 transaction
Single F-code tax-withholding disposition reported in this Form 4
Key Terms
restricted stock units, tax withholding obligations, Class A Common Stock, tax-withholding disposition, +1 more
5 terms
restricted stock units financial
"in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to satisfy the Reporting Person's tax withholding obligations"
Class A Common Stock financial
"security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
transaction code F financial
"transaction_code: "F""
FAQ
What insider transaction did BRC Inc. (BRCC) report for Robert Henry Lee?
BRC Inc. reported that Principal Accounting Officer Robert Henry Lee had 14,825 Class A shares withheld to cover tax obligations on vesting restricted stock units. This was a tax-withholding disposition, not an open-market trade, and is a common administrative event for equity compensation.
What transaction code was used in the BRCC Form 4 for this event?
The Form 4 uses transaction code F, which indicates payment of tax liability or exercise price by delivering securities. Here, it reflects 14,825 shares of Class A Common Stock withheld by BRC Inc. to cover Robert Henry Lee’s tax withholding obligations on restricted stock unit vesting.
Does this BRCC Form 4 indicate any change in Robert Henry Lee’s investment view?
The filing does not indicate a change in his investment view. The 14,825-share disposition was strictly for tax withholding on restricted stock units. Because it was not an open-market trade, it is generally viewed as an administrative compensation event rather than a directional investment decision.