Climb Global Solutions (CLMB) CEO has shares withheld to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Climb Global Solutions, Inc. Chief Executive Officer Dale Richard Foster reported a Form 4 transaction where 883 shares of common stock were disposed of at $18.76 per share. According to the filing, these shares were withheld at the vesting of restricted stock to meet the reporting person's tax obligations, leaving him with 343,467 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Foster Dale Richard
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 883 | $18.76 | $17K |
Holdings After Transaction:
Common Stock — 343,467 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 883 shares
Withholding reference price: $18.76 per share
Shares held after transaction: 343,467 shares
+1 more
4 metrics
Shares withheld for taxes
883 shares
Common Stock withheld at restricted stock vesting
Withholding reference price
$18.76 per share
Value used for 883-share tax-withholding disposition
Shares held after transaction
343,467 shares
CEO’s directly held CLMB common stock following Form 4 event
Tax-withholding disposition shares
883 shares
Transaction code F, payment of tax liability by delivering securities
Key Terms
restricted stock, tax-withholding disposition, Common Stock, Form 4, +1 more
5 terms
restricted stock financial
"Shares withheld at vesting of restricted stock for purposes of meeting"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
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.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Executive Officer financial
"officer_title": "Chief Executive Officer""
A chief executive officer (CEO) is the top leader of a company, responsible for making major decisions, setting goals, and guiding the organization’s overall direction. Think of the CEO as the captain of a ship, steering it toward success. Investors pay close attention to the CEO because their leadership and strategy can significantly influence the company's performance and future growth.
FAQ
What insider transaction did CLMB CEO Dale Richard Foster report?
CLMB CEO Dale Richard Foster reported a disposition of 883 common shares. The shares were withheld at the vesting of restricted stock to satisfy tax obligations, rather than sold on the open market, and he now directly holds 343,467 shares after the transaction.
What does transaction code F mean in the CLMB Form 4 filing?
Transaction code F in the CLMB Form 4 indicates a disposition to pay an exercise price or tax liability. Here it reflects 883 shares of common stock withheld at restricted stock vesting to meet the reporting person’s tax obligations, rather than a discretionary share sale.