Citigroup officer reports tax share withholding
Citigroup Inc. Chief Client Officer David Livingstone reported a tax-related share disposition.
Rhea-AI Filing Summary
Citigroup Inc. Chief Client Officer David Livingstone reported a tax-related share disposition. On the vesting of previously awarded stock, 25,737.41 shares of common stock were withheld at $115.55 per share to satisfy tax obligations, leaving him with 430,263.15 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 25,737.41 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 | 25,737.41 | $115.55 | $2.97M |
Holdings After Transaction:
Common Stock — 430,263.15 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.
FAQ
What insider transaction did Citigroup (C) report for David Livingstone?
Citigroup reported a tax-withholding disposition for Chief Client Officer David Livingstone. On previously awarded stock vesting, 25,737.41 common shares were withheld to cover tax obligations, rather than sold in the open market, according to the Form 4 footnote.
Was the Citigroup (C) Form 4 transaction an open-market sale by David Livingstone?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld automatically when previously awarded stock vested, to satisfy tax liabilities, as explicitly noted in the filing’s footnote describing the nature of the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.