Cars.com CLO reports tax-withheld RSU shares
Cars.com Inc.'s Chief Legal Officer, Angelique Strong Marks, reported a tax-related share disposition.
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Rhea-AI Filing Summary
Cars.com Inc.'s Chief Legal Officer, Angelique Strong Marks, reported a tax-related share disposition. On the reported date, 16,442 shares of common stock underlying vested restricted stock units were withheld by Cars.com Inc. to cover tax obligations, rather than being sold in the open market.
These shares were retained by the company and not issued, while Marks’ direct holdings after this transaction total 143,013 shares of common stock, including restricted stock units and 1,621 shares acquired through the company’s Employee Stock Purchase Plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 16,442 | $8.54 | $140K |
Footnotes (2)
- F1. 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.
- F2. Includes RSUs. Also includes 1621 shares of common stock acquired pursuant to the Company's Employee Stock Purchase Plan.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cars.com (CARS) report for Angelique Strong Marks?
What does transaction code "F" mean in the Cars.com (CARS) Form 4 filing?
What role does the Employee Stock Purchase Plan play in Angelique Strong Marks’ Cars.com (CARS) holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.