CF Bankshares (NASDAQ: CFBK) CEO reports 1,932-share tax withholding event
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CF Bankshares Inc. CEO Timothy T. O'Dell reported a tax-related share disposition on common stock. On June 11, 1,932 shares of common stock were withheld at $30.25 per share to cover tax obligations, a non-market "F" code tax-withholding disposition. After this, he held 295,939 direct shares. Separately, indirect holdings reported in his spouse’s name totaled 5,454 shares, and 4,579 shares were held with O'Dell as custodian for a family member.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
O'Dell Timothy T
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock 12520L 109 | 1,932 | $30.25 | $58K |
| holding | Common Stock 12520L 109 | -- | -- | -- |
| holding | Common Stock 12520L 109 | -- | -- | -- |
Holdings After Transaction:
Common Stock 12520L 109 — 295,939 shares (Direct, null);
Common Stock 12520L 109 — 4,579 shares (Indirect, Colleen O'Dell - Custodian for Sarah F. O'Dell)
Footnotes (1)
Key Figures
Tax-withheld shares: 1,932 shares
Withholding price: $30.25 per share
Direct holdings after transaction: 295,939 shares
+2 more
5 metrics
Tax-withheld shares
1,932 shares
Common stock withheld for taxes at $30.25 on June 11
Withholding price
$30.25 per share
Price used for tax-withholding disposition of 1,932 shares
Direct holdings after transaction
295,939 shares
Common stock directly held by Timothy O'Dell after tax withholding
Spouse indirect holdings
5,454 shares
Common stock held in the name of Colleen O'Dell - Spouse
Custodian indirect holdings
4,579 shares
Common stock held with O'Dell as custodian for Sarah F. O'Dell
Key Terms
tax-withholding disposition, non-derivative, indirect, derivative
4 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
non-derivative financial
"transaction_type": "non-derivative""
indirect financial
"ownership_type": "indirect""
derivative financial
""derivativeSummary": []"
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
FAQ
What insider transaction did CFBK CEO Timothy O'Dell report on this Form 4?
The filing reports a tax-withholding disposition of 1,932 shares of CF Bankshares common stock. These shares were withheld at $30.25 per share to satisfy tax obligations, rather than sold in the open market, and are coded as an "F" transaction.
What does the F transaction code mean in the CFBK Form 4 filing?
The F code indicates shares used to pay an exercise price or tax liability by delivering securities. In this case, 1,932 CF Bankshares shares were withheld at $30.25 per share to cover taxes, and it is not treated as an open-market sale.
How large was the tax-withholding event for CFBK CEO O'Dell?
The tax-withholding disposition involved 1,932 shares of CF Bankshares common stock at $30.25 per share. This single transaction reduced his direct share count to 295,939, and it was specifically recorded to satisfy tax obligations rather than discretionary trading.