Covista Inc. (CVSA) exec uses 448 shares to satisfy RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Covista Inc. executive Liles Scott, President, Medical and Vet, used company shares to cover taxes on vested equity. On April 15, 2026, 448 shares of Common Stock were withheld at $112.49 per share to satisfy tax obligations tied to previously awarded restricted stock units. After this non-market, tax-withholding disposition, Scott directly holds 13,103 shares of Covista common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Liles Scott
Role
President, Medical and Vet
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 448 | $112.49 | $50K |
Holdings After Transaction:
Common Stock — 13,103 shares (Direct)
Footnotes (1)
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Key Figures
Shares used for tax withholding: 448 shares
Transaction price per share: $112.49 per share
Shares held after transaction: 13,103 shares
3 metrics
Shares used for tax withholding
448 shares
Common Stock delivered to satisfy tax obligations on RSU vesting
Transaction price per share
$112.49 per share
Value applied to 448 shares used for tax withholding
Shares held after transaction
13,103 shares
Direct Covista Common Stock ownership by Liles Scott following disposition
Key Terms
restricted stock units, tax withholding obligations, Form 4
3 terms
restricted stock units financial
"upon the vesting of previously awarded restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Represents the satisfaction of tax withholding obligations upon the vesting"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Covista Inc. executive Liles Scott report on this Form 4 for CVSA?
Liles Scott reported that 448 shares of Covista Inc. Common Stock were disposed of to satisfy tax withholding obligations. These shares related to the vesting of previously awarded restricted stock units, and the transaction reflects a tax payment mechanism rather than an open-market trade.
Was the Covista Inc. (CVSA) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The 448 shares were delivered to satisfy tax obligations when restricted stock units vested, so the transaction does not represent a discretionary buy or sell decision in the market by Liles Scott.
What are Liles Scott’s Covista Inc. holdings after this Form 4 event?
Following the tax-withholding disposition, Liles Scott directly holds 13,103 shares of Covista Inc. Common Stock. This figure reflects his remaining direct ownership after 448 shares were delivered to satisfy tax obligations associated with the vesting of restricted stock units.
What does transaction code “F” mean in this Covista Form 4 filing?
Transaction code “F” indicates payment of tax liability or exercise price by delivering securities. In this Covista filing, 448 shares were used to satisfy tax withholding obligations when previously granted restricted stock units vested, rather than being sold on the open market.