ProCap Financial (BRR) CLO awarded 314,885 shares; 161,500 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ProCap Financial Chief Legal Officer Kyle Irvin Wood received a stock award and had shares withheld for taxes. He acquired 314,885 shares of common stock through the vesting and settlement of restricted stock units at no cost. To satisfy tax withholding obligations, 161,500 shares were withheld by the company at a price of $2.62 per share, leaving him with 153,385 shares of common stock held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wood Kyle Irvin
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 | 314,885 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 | 161,500 | $2.62 | $423K |
Holdings After Transaction:
Common Stock, par value $0.001 — 314,885 shares (Direct)
Footnotes (1)
- Represents the settlement of restricted stock units ("RSUs") into shares of common stock upon vesting. Each RSU represents a contingent right to receive one share of common stock. Represents shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.The reporting person received the net number of shares after the issuer withheld shares to satisfy applicable tax withholding obligations.
FAQ
What insider transaction did ProCap Financial (BRR) report for Kyle Irvin Wood?
ProCap Financial reported that Chief Legal Officer Kyle Irvin Wood acquired 314,885 shares of common stock through the vesting of restricted stock units. As part of the same event, the company withheld 161,500 shares to cover tax obligations, leaving him with 153,385 shares directly owned.
Was the ProCap Financial (BRR) insider transaction an open-market buy or sell?
The transaction was not an open-market buy or sell. It involved a stock award from vested restricted stock units and a related tax-withholding disposition where the issuer withheld 161,500 shares, rather than Mr. Wood purchasing or selling shares on the open market.
What do the restricted stock units (RSUs) represent in the ProCap Financial (BRR) insider filing?
The restricted stock units represent a contingent right to receive one share of ProCap Financial common stock for each unit. In this filing, 314,885 RSUs vested and settled into an equal number of common shares for Kyle Irvin Wood as part of his equity compensation.