Executive at CVS (CVS) has 454 restricted shares withheld for FICA taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CVS Health Corp senior vice president James David Clark reported a Form 4 showing a withholding of 454 restricted common shares on June 26, 2026. The shares were withheld by CVS to cover FICA taxes because he is retirement eligible, not as an open-market sale. After this tax-withholding disposition, he directly holds 27,606 CVS shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Clark James David
Role
SVP, Cont & Chief Acct Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock (Restricted) | 454 | $90.98 | $41K |
Holdings After Transaction:
Common Stock (Restricted) — 27,606 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 454 shares
Withholding reference price: $90.98 per share
Post-transaction holdings: 27,606 shares
+1 more
4 metrics
Tax-withheld shares
454 shares
Restricted common stock withheld for FICA taxes
Withholding reference price
$90.98 per share
Value used for the 454 withheld restricted shares
Post-transaction holdings
27,606 shares
Direct CVS common stock held after withholding
Tax-withholding transactions
1 transaction, 454 shares
Summary of tax-withholding activity in this Form 4
Key Terms
Common Stock (Restricted), tax-withholding disposition, FICA taxes, retirement eligible
4 terms
Common Stock (Restricted) financial
"security_title: "Common Stock (Restricted)""
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
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.
FICA taxes financial
"to satisfy FICA taxes arising from the reporting person being retirement eligible"
retirement eligible financial
"FICA taxes arising from the reporting person being retirement eligible"
FAQ
What insider transaction did CVS (CVS) report for James David Clark?
CVS reported that SVP and Chief Accounting Officer James David Clark had 454 restricted common shares withheld. The shares were taken by the company to cover FICA tax obligations related to his retirement eligibility, not sold in the open market.
What does the F-code mean in the CVS (CVS) Form 4 transaction?
The F-code on the Form 4 indicates shares were withheld to pay taxes or exercise costs. In this case, 454 restricted CVS shares were withheld to satisfy FICA taxes related to James David Clark’s retirement eligibility, rather than representing a market sale.
Does the CVS (CVS) insider transaction indicate a change in insider sentiment?
This transaction does not clearly indicate a change in sentiment. It reflects 454 restricted shares withheld by CVS to cover FICA taxes, a routine administrative action when an executive is retirement eligible, rather than a voluntary buy or sell decision in the market.