Centuri (NYSE: CTRI) CFO has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Centuri Holdings Chief Financial Officer Gregory A. Izenstark reported a tax-related share withholding tied to vesting restricted stock units. On the transaction date, 2,868 shares of common stock at $30.96 per share were withheld by the issuer to satisfy tax obligations, which the filing specifies is not an open market sale. Following this Form 4 transaction, he directly holds 87,808 shares of Centuri Holdings common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Izenstark Gregory A.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,868 | $30.96 | $89K |
Holdings After Transaction:
Common Stock — 87,808 shares (Direct)
Footnotes (1)
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FAQ
What did Centuri Holdings (CTRI) CFO report in this Form 4 filing?
Centuri’s CFO Gregory A. Izenstark reported shares withheld to cover taxes on vesting restricted stock units. The issuer withheld 2,868 common shares at $30.96 each, and this withholding is explicitly described as not being an open market sale of securities.
Is the Centuri (CTRI) CFO’s Form 4 transaction an open market stock sale?
No, the Form 4 footnote clarifies this is not an open market sale. The 2,868 shares were withheld by Centuri Holdings solely to satisfy tax withholding obligations from the vesting of restricted stock units, rather than being sold into the public market.
What transaction code is used in the Centuri (CTRI) CFO’s Form 4 and what does it mean?
The Form 4 lists transaction code “F,” which the filing describes as payment of exercise price or tax liability by delivering securities. In this case, shares were withheld by Centuri to cover tax withholding obligations from restricted stock unit vesting.