CoStar Group (CSGP) CTO forfeits and withholds shares for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoStar Group, Inc. Chief Technology Officer Frank Simuro reported two share dispositions related to equity compensation. He forfeited 30,727 shares of common stock back to the issuer from a February 14, 2023 performance restricted stock grant after the Compensation Committee certified the performance goal. He also disposed of 4,421 shares at $49.07 per share to satisfy tax withholding obligations, based on the February 19, 2026 Nasdaq closing price. After these non-market transactions, he directly owns 444,300 shares of CoStar Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SIMURO FRANK
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock, par value $0.01 per share | 30,727 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 4,421 | $49.07 | $217K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 448,721 shares (Direct)
Footnotes (1)
- Shares forfeited from February 14, 2023 performance restricted stock grant upon certification of actual achievement of the performance goal by the Compensation Committee. On February 19, 2026, the closing price of the Company's Common Stock on Nasdaq was $49.07.
FAQ
What insider transactions did CoStar Group (CSGP) report for Frank Simuro?
CoStar Group Chief Technology Officer Frank Simuro reported two share dispositions. He forfeited 30,727 performance-based restricted shares to the company and had 4,421 shares withheld to cover taxes, leaving him with 444,300 directly owned CoStar Group common shares after these transactions.
Were Frank Simuro’s CoStar Group (CSGP) transactions open-market sales?
No, the reported CoStar Group transactions were not open-market sales. One was a forfeiture of 30,727 performance restricted shares to the issuer, and the other was a 4,421-share disposition to cover tax liabilities using shares valued at $49.07 each.