Centuri (CTRI) officer has shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Centuri Holdings officer Jason S. Wilcock reported a tax-related share disposition. On the vesting of restricted stock units, 1,984 shares of Centuri common stock were withheld by the company at $30.96 per share to cover tax obligations. This was not an open market sale, and Wilcock now directly holds 64,736 Centuri shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wilcock Jason S.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,984 | $30.96 | $61K |
Holdings After Transaction:
Common Stock — 64,736 shares (Direct)
Footnotes (1)
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FAQ
What did Centuri (CTRI) officer Jason S. Wilcock report on this Form 4?
Jason S. Wilcock reported a tax-related share disposition. Centuri withheld 1,984 common shares upon vesting of restricted stock units to satisfy tax obligations, at $30.96 per share, rather than Wilcock selling shares in the open market.
Was the Centuri (CTRI) Form 4 transaction an open market stock sale?
No, it was not an open market sale. The 1,984 Centuri common shares were withheld by the company to cover Jason S. Wilcock’s tax withholding obligations tied to restricted stock unit vesting, as specifically noted in the filing footnote.
What does transaction code F mean in the Centuri (CTRI) Form 4 for Jason S. Wilcock?
Transaction code F denotes payment of a tax liability or exercise price by delivering securities. In this case, 1,984 Centuri shares were withheld to satisfy Jason S. Wilcock’s tax obligations from restricted stock unit vesting, rather than being sold on the market.