Form 4: Agrawal Ashish reports disposition transactions in CTS
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Agrawal Ashish reported disposition transactions in a Form 4 filing for CTS. The filing lists transactions totaling 4,314 shares at a weighted average price of $55.58 per share. Following the reported transactions, holdings were 104,229 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Agrawal Ashish
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 827 | $55.58 | $46K |
| Tax Withholding | Common Stock | 866 | $55.58 | $48K |
| Tax Withholding | Common Stock | 2,621 | $55.58 | $146K |
Holdings After Transaction:
Common Stock — 104,229 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CTS (CTS) report for its CFO?
CTS reported that CFO Ashish Agrawal surrendered shares to cover tax withholding on vested restricted stock. He disposed of blocks of 827, 866, and 2,621 common shares, all reported as tax-withholding dispositions under code F, rather than open-market sales.
Were CTS CFO Ashish Agrawal’s transactions open-market sales of stock?
No, the transactions were not open-market sales. The Form 4 describes code F events, where shares were surrendered to pay tax withholding upon vesting of restricted stock, meaning existing shares were delivered to cover taxes instead of being sold on the open market.
What does transaction code F mean in the CTS CFO Form 4 filing?
Transaction code F indicates payment of tax liability or exercise price by delivering securities. For CTS’s CFO, it reflects shares of common stock surrendered to cover tax withholding when restricted stock vested, rather than discretionary buying or selling in the open market.