Covista (NASDAQ: CVSA) CFO gets 17K-share award, pays taxes in stock

Rhea-AI Filing Summary

Covista Inc. (CVSA) reported that Chief Financial Officer Phelan Robert J. had equity compensation activity in the company’s common stock on August 23, 2026. He received two share awards totaling 7,056 and 10,080 shares as payouts of performance share units granted on November 8, 2023, at a reference price of $132.35 per share. In related transactions, 1,279, 3,126, and 4,466 shares were delivered or withheld to satisfy tax withholding obligations upon the vesting of previously awarded restricted stock units and performance shares.

Insider Trade Summary

Net Buyer: 8,265 shares

Net Buy 5 txns

Insider Phelan Robert J.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	1,279	$132.35	$169K
Grant/Award	Common Stock F2	7,056	$132.35	$934K
Tax Withholding	Common Stock F3	3,126	$132.35	$414K
Grant/Award	Common Stock F2	10,080	$132.35	$1.33M
Tax Withholding	Common Stock F3	4,466	$132.35	$591K

Holdings After Transaction: Common Stock — 56,571 shares (Direct)

Footnotes (3)

1. F1. Represents the satisfaction of tax withholding obligations upon the vesting of previously awarded restricted stock units.
2. F2. Common stock issued in payout of performance share units awarded on November 8, 2023.
3. F3. Represents the satisfaction of tax withholding obligations upon the vesting of the performance shares awarded.

Key Figures

Grant shares (award 1): 7,056 shares of Common Stock Grant shares (award 2): 10,080 shares of Common Stock Tax-withholding shares (RSUs): 1,279 shares of Common Stock +4 more

7 metrics

Grant shares (award 1) 7,056 shares of Common Stock Grant, award, or other acquisition on 2026-08-23 at $132.35 per share

Grant shares (award 2) 10,080 shares of Common Stock Grant, award, or other acquisition on 2026-08-23 at $132.35 per share

Tax-withholding shares (RSUs) 1,279 shares of Common Stock Code F disposition for tax withholding on vesting RSUs on 2026-08-23 at $132.35 per share

Tax-withholding shares (performance shares 1) 3,126 shares of Common Stock Code F disposition for tax withholding on vested performance shares on 2026-08-23 at $132.35 per share

Tax-withholding shares (performance shares 2) 4,466 shares of Common Stock Code F disposition for tax withholding on vested performance shares on 2026-08-23 at $132.35 per share

Total tax-liability-related shares 8,871 shares ExercisePriceOrTaxLiabilityShares across three code F transactions

Reference price per share $132.35 per share Price reported for all common stock transactions on 2026-08-23

Key Terms

restricted stock units, performance share units, tax withholding obligations

3 terms

restricted stock units financial

"Represents the satisfaction of tax withholding obligations 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.

performance share units financial

"Common stock issued in payout of performance share units awarded on November 8, 2023."

Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.

tax withholding obligations financial

"Represents the satisfaction of tax withholding obligations upon the vesting of the performance shares awarded."

FAQ

What did Covista Inc. (CVSA) disclose about CFO Phelan Robert J.’s recent stock transactions?

Covista Inc. disclosed that CFO Phelan Robert J. received common stock in payout of performance share units and had shares delivered or withheld to satisfy tax withholding obligations related to vesting equity awards on August 23, 2026.

How many Covista (CVSA) shares were granted to the CFO on August 23, 2026?

On August 23, 2026, the CFO received two grants of Covista common stock: 7,056 shares and 10,080 shares, issued as payouts of performance share units that were originally awarded on November 8, 2023.

Were any of the Covista (CVSA) CFO’s Form 4 transactions market sales or purchases?

No. The Form 4 reports grants/awards of common stock and dispositions coded “F” that represent payment of tax withholding obligations by delivering or withholding shares, not open-market purchases or sales.

How many Covista (CVSA) shares were used for the CFO’s tax withholding on equity vesting?

Three transactions used Covista common stock to satisfy tax withholding obligations: 1,279 shares related to previously awarded restricted stock units and 3,126 and 4,466 shares related to vested performance shares.

What price per share was reported for the Covista (CVSA) CFO’s August 23, 2026 equity transactions?

Each of the reported transactions lists a price of $132.35 per share for Covista common stock, used as the reference price for both the share grants and the tax-withholding share dispositions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/25/2026 - 04:21 PM Accepted by SEC EDGAR 08/25/2026 - 04:21 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Phelan Robert J.

(Last) (First) (Middle)

233 S. WACKER DRIVE

SUITE 800

(Street)

CHICAGO ILLINOIS 60606

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Covista Inc. [ CVSA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/23/2026		F		1,279(1)	D	$132.35	47,027	D
Common Stock	08/23/2026		A		7,056(2)	A	$132.35	54,083	D
Common Stock	08/23/2026		F		3,126(3)	D	$132.35	50,957	D
Common Stock	08/23/2026		A		10,080(2)	A	$132.35	61,037	D
Common Stock	08/23/2026		F		4,466(3)	D	$132.35	56,571	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the satisfaction of tax withholding obligations upon the vesting of previously awarded restricted stock units.

2. Common stock issued in payout of performance share units awarded on November 8, 2023.

3. Represents the satisfaction of tax withholding obligations upon the vesting of the performance shares awarded.

	/s/ Lawrence C. Bachman, attorney-in-fact for Mr. Phelan	08/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)