Circle Internet Group (CRCL) president has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Circle Internet Group, Inc. reported that President Heath Tarbert had 7,989 shares of Class A common stock withheld at $62.63 per share to cover tax obligations upon the vesting of restricted stock units. This was not an open-market sale. Following the disposition, he holds 494,569 shares directly, including 64,925 shares held outright and 429,644 shares issuable upon future RSU vesting.
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 | $62.63 | $500K |
Holdings After Transaction:
Class A Common Stock — 494,569 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 64,925 shares of Class A common stock held outright by the reporting person and 429,644 shares of Class A common stock issuable upon the vesting of restricted stock units.
Key Figures
Shares withheld for taxes: 7,989 shares
Withholding share price: $62.63 per share
Total shares after transaction: 494,569 shares
+2 more
5 metrics
Shares withheld for taxes
7,989 shares
Class A common stock withheld for tax obligations on RSU vesting
Withholding share price
$62.63 per share
Valuation used for 7,989 withheld shares
Total shares after transaction
494,569 shares
Direct Class A holdings following tax-withholding disposition
Outright shares held
64,925 shares
Class A common stock held outright by reporting person
RSU-based future shares
429,644 shares
Class A shares issuable upon vesting of restricted stock units
Key Terms
restricted stock units, tax withholding obligation, Class A common stock, Form 4
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.
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.
FAQ
What insider transaction did Circle Internet Group (CRCL) report for Heath Tarbert?
Circle Internet Group reported that President Heath Tarbert had 7,989 Class A shares withheld at $62.63 per share. The shares were used to satisfy tax obligations related to vesting restricted stock units, rather than being sold in the open market.
Was Heath Tarbert’s Circle Internet Group (CRCL) transaction an open-market sale?
No, the transaction was not an open-market sale. 7,989 shares of Class A common stock were withheld to satisfy Heath Tarbert’s tax withholding obligation when his restricted stock units vested, a standard administrative step for equity compensation.
What do the restricted stock units in this Circle Internet Group (CRCL) filing represent?
The filing notes 429,644 shares of Class A common stock issuable upon vesting of restricted stock units. These RSUs are equity awards that convert into shares over time, increasing Heath Tarbert’s direct holdings as they vest.