Circle Internet (NASDAQ: CRCL) president covers RSU taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Circle Internet Group, Inc. President Heath Tarbert reported a routine tax-withholding transaction related to equity compensation. On the vesting of restricted stock units, 7,989 shares of Class A common stock were withheld to cover his tax obligation, at a value of $90.8800 per share. After this disposition, he holds 553,179 shares, including 81,114 Class A shares held outright and 472,065 shares subject to outstanding restricted stock units, so his overall equity exposure to the company remains substantial.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tarbert Heath
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 7,989 | $90.88 | $726K |
Holdings After Transaction:
Class A Common Stock — 553,179 shares (Direct, null)
Footnotes (1)
- The shares of Class A common stock were withheld to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units. Represents 81,114 shares of Class A common stock held outright by the reporting person and 472,065 shares of Class A common stock subject to outstanding restricted stock units.
Key Figures
Shares withheld for taxes: 7,989 shares
Withholding price per share: $90.8800 per share
Total shares after transaction: 553,179 shares
+3 more
6 metrics
Shares withheld for taxes
7,989 shares
Class A common stock withheld on RSU vesting
Withholding price per share
$90.8800 per share
Value used for RSU tax-withholding shares
Total shares after transaction
553,179 shares
Class A holdings following tax-withholding disposition
Outright shares held
81,114 shares
Class A common stock held outright by reporting person
Shares subject to RSUs
472,065 shares
Class A common stock tied to outstanding restricted stock units
Tax-withholding transactions
1 transaction, 7,989 shares
Summary of F-code tax-withholding activity in filing
Key Terms
restricted stock units, tax withholding obligation, Class A common stock, tax-withholding disposition
4 terms
restricted stock units financial
"upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"withheld to satisfy the Reporting Person's tax withholding obligation"
Class A common stock financial
"The shares of Class A common stock were withheld"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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.
FAQ
What insider transaction did CRCL President Heath Tarbert report on this Form 4?
Heath Tarbert reported a tax-related share disposition. The company withheld 7,989 Class A common shares to satisfy his tax obligation when restricted stock units vested, a common administrative step tied to equity compensation rather than an open-market sale of stock.
Does Heath Tarbert’s Form 4 show an open-market sale of CRCL stock?
No, the filing shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to cover taxes on vested restricted stock units, which is a mechanical process and generally does not reflect a discretionary decision to sell in the market.
What do the restricted stock units in the CRCL Form 4 footnote represent?
The footnote states that 472,065 shares of Class A common stock are subject to outstanding restricted stock units. These RSUs represent future share delivery contingent on vesting requirements, aligning the President’s compensation with the company’s long-term performance and retention objectives.