Credo (CRDO) CEO reports RSU tax withholding and large share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and CEO William Joseph Brennan reported routine share activity linked to restricted stock units (RSUs). The company withheld 6,149 Ordinary Shares at $241.91 per share to cover tax obligations upon RSU vesting, a non-market, tax-withholding disposition rather than an open-market sale.
Following this event, Brennan holds 366,480 Ordinary Shares directly and 1,767,502 Ordinary Shares indirectly through The Brennan Family Trust, DTD 09/06/2002, for which he disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Brennan William Joseph
Role
Pres & Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 6,149 | $241.91 | $1.49M |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 366,480 shares (Direct, null);
Ordinary Shares — 1,767,502 shares (Indirect, The Brennan Family Trust, DTD 09/06/2002)
Footnotes (1)
- Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
Key Figures
Tax-withheld shares: 6,149 Ordinary Shares
Withholding price: $241.91 per share
Direct holdings after transaction: 366,480 Ordinary Shares
+1 more
4 metrics
Tax-withheld shares
6,149 Ordinary Shares
Withheld to satisfy RSU tax obligations
Withholding price
$241.91 per share
Value used for RSU tax-withholding shares
Direct holdings after transaction
366,480 Ordinary Shares
CEO direct ownership following Form 4
Indirect trust holdings
1,767,502 Ordinary Shares
Held via The Brennan Family Trust, DTD 09/06/2002
Key Terms
RSUs, tax withholding obligations, Ordinary Shares, tax-withholding disposition, +1 more
5 terms
RSUs financial
"in connection with the vesting and settlement of RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax withholding obligations financial
"shares withheld by the Issuer to satisfy tax withholding obligations"
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.
The Brennan Family Trust, DTD 09/06/2002 financial
"nature_of_ownership": "The Brennan Family Trust, DTD 09/06/2002""
FAQ
What insider transaction did Credo (CRDO) disclose for CEO William Brennan?
Credo disclosed that CEO William Brennan had 6,149 Ordinary Shares withheld to cover tax obligations on vested RSUs. This F-code transaction is a tax-withholding disposition, not an open-market sale, and is a routine part of equity compensation settlement.
Is the Credo (CRDO) Form 4 transaction an open-market sale by the CEO?
No, the Form 4 describes an F-code tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to satisfy tax obligations tied to RSU vesting, a mechanical payroll-related event rather than a discretionary share sale by the CEO.