Credo Technology (CRDO) CFO has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group’s Chief Financial Officer Daniel W. Fleming reported a routine tax-related share disposition. On this Form 4, 2,460 Ordinary Shares were withheld by the company to cover tax obligations tied to vesting and settlement of RSUs. After this withholding, he directly holds 512,288 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fleming Daniel W.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 2,460 | $241.91 | $595K |
Holdings After Transaction:
Ordinary Shares — 512,288 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,460 shares
Price per share (withholding reference): $241.91 per share
Shares held after transaction: 512,288 shares
3 metrics
Shares withheld for taxes
2,460 shares
Tax withholding tied to RSU vesting and settlement
Price per share (withholding reference)
$241.91 per share
Reference price for withheld Ordinary Shares
Shares held after transaction
512,288 shares
Direct Ordinary Share holdings after tax-withholding disposition
Key Terms
RSUs, tax withholding obligations, Ordinary Shares, tax-withholding disposition
4 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
"withheld by the Issuer to satisfy tax withholding obligations"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 2,460 shares"
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 insider transaction did Credo Technology Group (CRDO) report for its CFO?
Credo Technology Group reported that CFO Daniel W. Fleming had 2,460 Ordinary Shares withheld. These shares were used to satisfy tax obligations arising from the vesting and settlement of restricted stock units, rather than being sold in an open-market transaction.
Does the Credo (CRDO) Form 4 show an open-market sale by the CFO?
The Form 4 does not show an open-market sale by the CFO. It reports a tax-withholding disposition, where 2,460 Ordinary Shares were retained by the issuer to cover tax obligations from vesting RSUs, which is a mechanical payroll-like process.
What does transaction code F mean in the Credo (CRDO) CFO’s Form 4?
Transaction code F on this Form 4 indicates a tax-withholding disposition. In this case, 2,460 Ordinary Shares were withheld by the issuer to satisfy tax liabilities connected to the vesting and settlement of restricted stock units granted to the CFO.