Commercial Vehicle Group (CVGI) officer has 3,978 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Commercial Vehicle Group, Inc. executive Angela M. O’Leary reported routine equity compensation activity. The company withheld 3,978 shares of common stock at $3.39 per share to cover taxes related to the vesting of 11,318 shares.
After this tax-withholding disposition, O’Leary directly holds 78,062 shares of common stock and indirectly holds 10 shares as UTMA custodian for a minor child. The filing reflects compensation-related withholding rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
O'Leary Angela M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $0.01 par value | 3,978 | $3.39 | $13K |
| holding | Common Stock, $0.01 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.01 par value — 78,062 shares (Direct, null);
Common Stock, $0.01 par value — 10 shares (Indirect, By Reporting Person as UTMA custodian for minor child)
Footnotes (1)
- The company withheld 3,978 shares from the Reporting Person to cover taxes relating to the vesting of 11,318 shares. Represents shares held in trust by the Reporting Person as custodian for minor child.
Key Figures
Shares withheld for taxes: 3,978 shares
Withholding price per share: $3.39 per share
Shares vested: 11,318 shares
+2 more
5 metrics
Shares withheld for taxes
3,978 shares
Withheld to cover taxes on vesting
Withholding price per share
$3.39 per share
Value for withheld 3,978 shares
Shares vested
11,318 shares
Shares vesting that triggered tax
Direct holdings after transaction
78,062 shares
Common stock held directly after withholding
Indirect UTMA holdings
10 shares
Held as UTMA custodian for minor child
Key Terms
tax-withholding disposition, vesting, UTMA custodian, Common Stock, $0.01 par value
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 3,978 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
vesting financial
"to cover taxes relating to the vesting of 11,318 shares"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
UTMA custodian financial
"By Reporting Person as UTMA custodian for minor child"
Common Stock, $0.01 par value financial
"security_title: "Common Stock, $0.01 par value""
FAQ
What did Angela M. O’Leary report in this CVGI Form 4 filing?
Angela M. O’Leary reported equity compensation activity where the company withheld shares for taxes. Specifically, 3,978 Commercial Vehicle Group common shares were withheld to cover taxes triggered by the vesting of 11,318 restricted shares.
Was the CVGI Form 4 transaction an open-market sale by Angela M. O’Leary?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Commercial Vehicle Group withheld 3,978 shares from O’Leary to satisfy tax obligations arising from the vesting of 11,318 shares of common stock.