Citigroup exec reports tax-withheld share disposition
Citigroup Inc. executive Andrew M. Sieg, Head of Wealth, reported a tax-related share disposition.
Rhea-AI Filing Summary
Citigroup Inc. executive Andrew M. Sieg, Head of Wealth, reported a tax-related share disposition. On the vesting of previously awarded stock, 36,016.12 shares of common stock were withheld at $115.55 per share to satisfy tax withholding obligations. After this non-open-market transaction, he directly holds 265,392.83 shares of Citigroup common stock.
Positive
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Insider Trade Summary
Exercise Price or Tax Liability: 36,016.12 shares
Exercise Price or Tax Liability
1 txn
Insider
Sieg Andrew M.
Role
Head of Wealth
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 36,016.12 | $115.55 | $4.16M |
Holdings After Transaction:
Common Stock — 265,392.83 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 did Citigroup (C) executive Andrew Sieg report on this Form 4?
Andrew M. Sieg reported a tax-withholding disposition of Citigroup common stock. 36,016.12 shares were withheld in connection with the vesting of previously awarded stock, reflecting shares used to cover tax obligations rather than an open-market sale.
Was Andrew Sieg’s Citigroup (C) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were automatically withheld to satisfy tax obligations when previously granted Citigroup stock vested, as indicated by transaction code F and the accompanying footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.