Citigroup (C) executive Andrew Morton reports tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Citigroup Inc. executive Andrew John Morton reported a tax-related share disposition. On the reported date, shares of Citigroup common stock were withheld to cover tax obligations tied to the vesting of previously awarded stock, rather than through an open-market sale. After this tax-withholding disposition, Morton’s directly held Citigroup common stock position was reported at 387,291.6500 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MORTON ANDREW JOHN
Role
Head of Markets
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 73,848.19 | $115.55 | $8.53M |
Holdings After Transaction:
Common Stock — 387,291.65 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Citigroup (C) executive Andrew Morton report?
Andrew Morton reported a tax-withholding disposition of Citigroup common stock. Shares were withheld to satisfy tax obligations from vesting stock awards, not sold in the open market, and his direct holdings remained substantial after the transaction.
Was Andrew Morton’s Citigroup (C) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were retained by Citigroup to cover tax liabilities associated with vesting equity awards, a common administrative step for equity compensation.
What does transaction code F mean in Andrew Morton’s Citigroup (C) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering or withholding securities. In this case, Citigroup common shares were withheld to satisfy Andrew Morton’s tax obligations when previously awarded stock vested.