CoStar Group (NASDAQ: CSGP) CEO logs tax withholding share move
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoStar Group President and CEO Andrew C. Florance reported a tax-related share disposition. On a Form 4, he disclosed the withholding of 17,482 shares of common stock at $44.99 per share to cover tax obligations, using the prior Nasdaq closing price. After this transaction, he directly holds 1,655,350.03 CoStar common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FLORANCE ANDREW C
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share | 17,482 | $44.99 | $787K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 1,655,350.03 shares (Direct)
Footnotes (1)
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FAQ
What did CoStar Group (CSGP) CEO Andrew Florance report on this Form 4?
CoStar Group CEO Andrew C. Florance reported a tax-withholding disposition of 17,482 shares of common stock at $44.99 per share. The transaction reflects shares withheld to satisfy tax liabilities rather than an open-market sale, and he continues to hold over 1.65 million shares.
Does the CoStar Group (CSGP) Form 4 indicate an open-market sale by the CEO?
The Form 4 indicates a tax-withholding disposition, not an open-market sale. The transaction code “F” and description show shares were withheld to pay tax liabilities, using the $44.99 Nasdaq closing price, while the CEO retains over 1.65 million directly held shares.