CTS (CTS) CEO uses 6,980 shares to cover tax withholding
Rhea-AI Filing Summary
CTS Corp President & CEO and director Kieran M. O'Sullivan reported two insider transactions on common stock dated February 9, 2026. He disposed of a total of 6,980 shares through tax-withholding dispositions tied to restricted stock vesting, valued at $55.58 per share. According to the filing, the shares were surrendered to satisfy tax withholding obligations when restricted stock awards vested. After these transactions, he directly owned 403,750 shares of CTS common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,237 | $55.58 | $180K |
| Tax Withholding | Common Stock | 3,743 | $55.58 | $208K |
Footnotes (1)
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FAQ
What insider transaction did CTS (CTS) CEO Kieran O'Sullivan report?
Kieran O'Sullivan reported two insider transactions involving CTS common stock. The Form 4 shows tax-withholding dispositions related to vested restricted stock, rather than open-market buying or selling, executed on February 9, 2026.
Were the CTS CEO’s Form 4 transactions open-market sales?
No, the Form 4 characterizes the transactions as tax-withholding dispositions. Shares were surrendered to cover tax obligations on vested restricted stock, rather than sold in open-market trades.
What does transaction code "F" mean in the CTS CEO Form 4?
Transaction code "F" indicates payment of a tax liability or exercise price by delivering securities. Here, it shows CTS shares surrendered to meet tax withholding when restricted stock vested.