Crawford & Co (NYSE: CRD) EVP gets share grant, tax withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crawford & Co Executive Vice President Thomas Larry Climeteen reported compensation-related stock activity. He received a grant of 31,810 shares of Class A Common Stock, with 12,816 of those shares withheld to cover tax obligations at a price of $10.76 per share. Following these transactions, he directly holds 276,089 Class A shares, indicating a net increase in his equity position from this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Thomas Larry Climeteen
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 31,810 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 12,816 | $10.76 | $138K |
Holdings After Transaction:
Class A Common Stock — 288,905 shares (Direct)
Footnotes (1)
FAQ
What insider transactions did Crawford & Co (CRD) report for Thomas Larry Climeteen?
Crawford & Co reported that Executive Vice President Thomas Larry Climeteen received a grant of 31,810 Class A shares. Of these, 12,816 shares were disposed of through withholding to satisfy tax obligations, with the remainder increasing his direct share ownership.
Was the Crawford & Co (CRD) insider transaction a market sale or purchase?
The filing shows no open-market purchase or sale. Climeteen received a share grant as compensation, and a portion of the shares was withheld to cover taxes, which is a non-market, administrative disposition rather than a discretionary trade.
What do the A and F transaction codes mean in the Crawford & Co (CRD) Form 4?
Code A indicates a grant, award, or other acquisition of shares, typically as compensation. Code F indicates shares withheld to pay an exercise price or tax liability. Together, they describe a stock award with a portion used to satisfy tax obligations.
Did the Crawford & Co (CRD) Form 4 show any option exercises or derivative transactions?
The summary data shows no derivative transactions or option exercises reported in this Form 4. All reported activity relates to non-derivative Class A Common Stock through a share grant and associated tax withholding, with no remaining derivative positions listed.
Is the Crawford & Co (CRD) insider activity likely routine compensation?
The combination of a share grant (code A) and shares withheld for taxes (code F) is characteristic of routine equity compensation. It reflects standard practice for settling tax obligations when restricted stock or similar awards vest for executives.