Core Laboratories (NYSE: CLB) SVP exercises restricted shares, covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Core Laboratories executive Mark Damian Tattoli, SVP, General Counsel & Secretary, exercised a restricted share award that delivered 250 shares of Common Stock on May 1, 2026. To cover tax obligations, 97 shares were disposed of at $14.07 per share, leaving 27,513.621 directly held shares.
He also holds shares indirectly, including 1,694.842 shares through a 401(k) plan and 20 shares in a custodial account. The filing notes multiple restricted share grants vesting annually over six years, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
250 shares exercised/converted
Mixed
5 txns
Insider
Tattoli Mark Damian
Role
SVP, Gen Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Shares | 250 | $0.00 | -- |
| Tax Withholding | Common Stock | 97 | $14.07 | $1K |
| Exercise | Common Stock | 250 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Shares — 1,200 shares (Direct, null);
Common Stock — 27,513.621 shares (Direct, null);
Common Stock — 20 shares (Indirect, Custodial account)
Footnotes (1)
- The Restricted Shares vest annually over six years on the anniversary of the grant date in the amount specified in the award agreement, provided the reporting person remains in continuous service on each such vesting date. Multiple restricted share grants are included in this total.
Key Figures
Restricted shares exercised: 250 shares
Tax-withholding shares: 97 shares at $14.07
Direct holdings after transaction: 27,513.621 shares
+2 more
5 metrics
Restricted shares exercised
250 shares
Restricted Shares converted into Common Stock on May 1, 2026
Tax-withholding shares
97 shares at $14.07
Shares delivered to satisfy tax liability on May 1, 2026
Direct holdings after transaction
27,513.621 shares
Common Stock directly owned following Form 4 transactions
401(k) indirect holdings
1,694.842 shares
Common Stock held indirectly via 401(k) plan
Custodial account holdings
20 shares
Common Stock held indirectly in custodial account
Key Terms
Restricted Shares, tax-withholding disposition, 401 (k) Plan
3 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.
401 (k) Plan financial
"nature_of_ownership": "401 (k) Plan""
FAQ
What insider transaction did Core Laboratories (CLB) report for Mark Damian Tattoli?
Core Laboratories reported that executive Mark Damian Tattoli exercised a restricted share award for 250 Common Stock shares. Of these, 97 shares were disposed of to cover tax obligations, with the remaining shares increasing his directly held Core Laboratories position.
Was the Core Laboratories (CLB) Form 4 transaction a market sale or tax withholding?
The Form 4 shows a tax-withholding disposition of 97 Core Laboratories shares at $14.07 per share. This reflects shares delivered to satisfy tax obligations on a restricted share exercise, rather than an open-market sale initiated for investment reasons.
How are Mark Damian Tattoli’s indirect Core Laboratories (CLB) holdings structured?
The Form 4 lists indirect Core Laboratories holdings of 1,694.842 Common Stock shares in a 401(k) plan and 20 shares in a custodial account. These are reported as indirect ownership, separate from his directly held 27,513.621 Common Stock shares.