Credo Technology (NASDAQ: CRDO) CEO reports RSU tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and CEO William Joseph Brennan reported a routine share adjustment linked to restricted stock units. On 2026-06-10, the issuer withheld 19,675 Ordinary Shares at $237.68 per share to satisfy tax withholding obligations upon RSU vesting, a non-market, tax-related disposition coded "F".
Following this tax withholding, Brennan directly owned 347,652 Ordinary Shares. He also had 1,775,002 Ordinary Shares held indirectly through The Brennan Family Trust, DTD 09/06/2002, for which he disclaims beneficial ownership except to the extent of his 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 | 19,675 | $237.68 | $4.68M |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 347,652 shares (Direct, null);
Ordinary Shares — 1,775,002 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: 19,675 Ordinary Shares
Withholding price: $237.68 per share
Direct holdings after transaction: 347,652 Ordinary Shares
+2 more
5 metrics
Tax-withheld shares
19,675 Ordinary Shares
Withheld to satisfy tax obligations on RSU vesting, code F
Withholding price
$237.68 per share
Price used for 19,675 shares withheld for tax obligations
Direct holdings after transaction
347,652 Ordinary Shares
Direct ownership by William Brennan after tax-withholding disposition
Indirect trust holdings
1,775,002 Ordinary Shares
Held via The Brennan Family Trust, DTD 09/06/2002
Transaction code
Code F
Payment of tax liability by delivering securities
Key Terms
RSUs, tax withholding obligations, tax-withholding disposition, The Brennan Family Trust, DTD 09/06/2002, +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""
pecuniary interest financial
"disclaims beneficial ownership of these shares except to the extent of his pecuniary interest"
FAQ
What insider transaction did Credo Technology Group (CRDO) report for William Brennan?
Credo Technology Group reported that CEO William Brennan had 19,675 Ordinary Shares withheld by the company to cover tax obligations on vested RSUs, a routine tax-withholding disposition rather than an open-market sale, according to a Form 4 filing.
Was the Credo Technology Group (CRDO) Form 4 transaction an open-market sale by the CEO?
No, the Form 4 indicates a tax-withholding disposition, not an open-market sale. The issuer withheld 19,675 shares to pay tax on RSU vesting, a standard administrative event rather than a discretionary market trade by the CEO.