Citigroup executive shares withheld for taxes
Citigroup Inc. Chief Client Officer David Livingstone reported a tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
Citigroup Inc. Chief Client Officer David Livingstone reported a tax-related share disposition. On the vesting of previously awarded stock, 85,180.13 shares of Citigroup common stock were withheld to satisfy tax obligations at a price of $132.18 per share. After this withholding, he directly holds 345,083.02 Citigroup common shares.
Insider Trade Summary
Exercise Price or Tax Liability: 85,180.13 shares
Exercise Price or Tax Liability
1 txn
Insider
Livingstone David
Role
Chief Client Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 85,180.13 | $132.18 | $11.26M |
Holdings After Transaction:
Common Stock — 345,083.02 shares (Direct)
Footnotes (1)
- F1. Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded stock.
Key Figures
Shares withheld for taxes: 85,180.13 shares
Withholding price per share: $132.18 per share
Shares held after transaction: 345,083.02 shares
3 metrics
Shares withheld for taxes
85,180.13 shares
Common Stock withheld for tax obligations on vesting
Withholding price per share
$132.18 per share
Value used for tax-withholding disposition
Shares held after transaction
345,083.02 shares
Direct Citigroup common stock ownership post-transaction
Key Terms
tax withholding, vesting, Common Stock, non-derivative, +1 more
5 terms
tax withholding financial
"to satisfy tax withholding obligations in connection with the vesting"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
vesting financial
"in connection with the vesting of previously awarded stock"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Common Stock financial
"Withholding of shares of common stock to satisfy tax"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
non-derivative financial
"transaction_type": "non-derivative""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Citigroup (C) executive David Livingstone report in this Form 4?
David Livingstone reported that 85,180.13 Citigroup common shares were withheld to satisfy tax obligations tied to vesting of previously granted stock. This is a compensation-related event, not an open-market trade, and he continues to hold 345,083.02 shares directly afterward.
Was David Livingstone’s Citigroup (C) transaction a stock sale?
No, the transaction reflects tax withholding, not an open-market stock sale. Shares were delivered back to Citigroup to cover tax liabilities from vesting of earlier stock awards, a routine administrative step commonly seen with executive equity compensation.
What does transaction code F mean in Citigroup (C) insider filings?
Transaction code F indicates shares used to pay an exercise price or tax liability, rather than a typical market sale. In this case, Citigroup common shares were withheld to satisfy taxes upon vesting of previously granted stock awards to the executive.
Does this Citigroup (C) Form 4 indicate any option exercises or derivative activity?
No derivative transactions are reported in this Form 4. The filing shows only a non-derivative Common Stock entry, where shares were withheld for taxes on vesting. The derivative summary section lists no remaining options or other derivative positions in this disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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