Cars.com (CARS) CCO uses 8,256 RSU shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cars.com Inc. Chief Commercial Officer Lisa Gosselin reported a tax-related share disposition. On the vesting of restricted stock units (RSUs), 8,256 shares of common stock were retained by the company to cover tax withholding obligations rather than being issued as shares, leaving her with 85,173 shares held directly, including RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gosselin Lisa
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 8,256 | $8.54 | $71K |
Holdings After Transaction:
Common Stock — 85,173 shares (Direct)
Footnotes (1)
- The shares of common stock underlying restricted stock units ("RSUs") that are being reported as "disposed" were retained (but not issued) by Cars.com Inc. (the "Company") in satisfaction of tax withholding obligations associated with the vesting of RSUs. Includes RSUs.
FAQ
What insider transaction did Cars.com (CARS) report for Lisa Gosselin?
Cars.com reported a tax-withholding disposition by Chief Commercial Officer Lisa Gosselin. When her RSUs vested, 8,256 common shares were retained by the company to satisfy tax withholding obligations, rather than being issued as tradable shares.
Was the Cars.com (CARS) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 8,256 shares underlying vested RSUs were retained by Cars.com to cover tax obligations, so they were never issued or sold into the market.
What does transaction code F mean in the Cars.com (CARS) Form 4?
Transaction code F indicates payment of exercise price or tax liability with securities. Here, 8,256 RSU-based shares were retained by Cars.com to satisfy tax withholding when the RSUs vested, rather than being issued as shares to the insider.