Circle Internet (CRCL) president uses 11,381 shares to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Circle Internet Group, Inc. President Heath Tarbert reported a routine tax-related share disposition. On the vesting of restricted stock units, 11,381 shares of Class A common stock were withheld at $113.00 per share to cover his tax withholding obligation, rather than being sold in the open market.
After this withholding, Tarbert’s reported holdings total 541,798 shares of Class A common stock, including 94,658 shares held outright and 447,140 shares subject to outstanding restricted stock units.
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 | 11,381 | $113.00 | $1.29M |
Holdings After Transaction:
Class A Common Stock — 541,798 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 94,658 shares of Class A common stock held outright by the reporting person and 447,140 shares of Class A common stock subject to outstanding restricted stock units.
Key Figures
Shares withheld for taxes: 11,381 shares
Withholding price: $113.00 per share
Shares after transaction: 541,798 shares
+2 more
5 metrics
Shares withheld for taxes
11,381 shares
Withheld to satisfy tax withholding on RSU vesting
Withholding price
$113.00 per share
Value used for tax-withholding disposition of shares
Shares after transaction
541,798 shares
Total Class A common stock reported following the transaction
Directly held shares
94,658 shares
Class A common stock held outright by Heath Tarbert
Shares subject to RSUs
447,140 shares
Class A common stock subject to outstanding restricted stock units
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
"were 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 did Circle Internet (CRCL) President Heath Tarbert report in this Form 4?
Heath Tarbert reported that 11,381 Circle Internet Class A shares were withheld to cover tax obligations on vested restricted stock units. This tax-withholding disposition used shares at $113.00 each instead of cash and was not an open-market sale.
Was this Circle Internet (CRCL) insider transaction an open-market sale?
No. The 11,381 Circle Internet shares were withheld to pay taxes on vested restricted stock units. The Form 4 describes this as a tax-withholding disposition, meaning the company retained shares for tax purposes rather than Tarbert selling them into the market.
What is the nature of the restricted stock units mentioned for Circle Internet (CRCL)?
The filing notes 447,140 Circle Internet Class A shares are subject to outstanding restricted stock units. These awards typically convert into shares over time as vesting conditions are met, forming a significant part of Heath Tarbert’s equity-based compensation package.