CTS Form 4 reports disposition transactions
Agrawal Ashish reported disposition transactions in a Form 4 filing for CTS.
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 100,742 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 4,314 shares
Exercise Price or Tax Liability
3 txns
Insider
Agrawal Ashish
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 827 | $55.58 | $46K |
| Exercise Price or Tax Liability | Common Stock | 866 | $55.58 | $48K |
| Exercise Price or Tax Liability | Common Stock | 2,621 | $55.58 | $146K |
Holdings After Transaction:
Common Stock — 100,742 shares (Direct)
Footnotes (1)
- F1. Reflects shares of the Issuer's common stock surrendered by the Reporting Person to satisfy tax withholding obligations upon the vesting of shares granted under a restricted stock agreement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.