Covista Inc. (CVSA) legal chief gets 4,242 and 6,060-share awards
Rhea-AI Filing Summary
Covista Inc. (CVSA) reported insider equity compensation activity by Douglas G. Beck, SVP, GC, Corp. Sec & ISS. On 2026-08-23 he received two Common Stock awards of 4,242 and 6,060 shares at a reference price of $132.35 per share in payout of performance share units awarded on November 8, 2023. On the same date, a total of 5,452 shares of Common Stock were withheld at $132.35 per share to satisfy tax withholding obligations related to the vesting of previously awarded restricted stock units and performance shares. These are compensation-related grants and tax-withholding dispositions, not open-market purchases or sales.
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Insights
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Insider Trade Summary
Net Buyer: 4,850 shares
Net Buy
5 txns
Insider
BECK DOUGLAS G.
Role
SVP, GC, Corp. Sec & ISS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 784 | $132.35 | $104K |
| Grant/Award | Common Stock F2 | 4,242 | $132.35 | $561K |
| Tax Withholding | Common Stock F3 | 1,922 | $132.35 | $254K |
| Grant/Award | Common Stock F2 | 6,060 | $132.35 | $802K |
| Tax Withholding | Common Stock F3 | 2,746 | $132.35 | $363K |
Holdings After Transaction:
Common Stock — 33,394 shares (Direct)
Footnotes (3)
- F1. Represents the satisfaction of tax withholding obligations upon the vesting of previously awarded restricted stock units.
- F2. Common stock issued in payout of performance share units awarded on November 8, 2023.
- F3. Represents the satisfaction of tax withholding obligations upon the vesting of the performance shares awarded.
Key Figures
Award 1 shares: 4,242 shares of Common Stock
Award 2 shares: 6,060 shares of Common Stock
Tax-withholding shares: 5,452 shares of Common Stock
+3 more
6 metrics
Award 1 shares
4,242 shares of Common Stock
Grant/award acquisition on 2026-08-23 at $132.35 per share
Award 2 shares
6,060 shares of Common Stock
Grant/award acquisition on 2026-08-23 at $132.35 per share
Tax-withholding shares
5,452 shares of Common Stock
Code F transactions for tax withholding at $132.35 per share
Reference price per share
$132.35 per share
Price used for all reported Common Stock transactions on 2026-08-23
Reporting person role
SVP, GC, Corp. Sec & ISS
Officer title of Douglas G. Beck at Covista Inc.
Code F transaction count
3 transactions
Form 4 shows three tax-withholding dispositions of Common Stock
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.
tax withholding obligations financial
"Represents the satisfaction of tax withholding obligations upon the vesting of previously awarded restricted stock units"
FAQ
What insider transactions did Covista Inc. (CVSA) report for Douglas G. Beck?
Douglas G. Beck received two Common Stock awards of 4,242 and 6,060 shares on 2026-08-23. On the same date, 5,452 shares were withheld to satisfy tax withholding obligations tied to vesting restricted stock units and performance shares.
Were the Covista (CVSA) insider transactions open-market buys or sells?
No. The filing shows grant/award acquisitions of Common Stock and dispositions solely for tax withholding. The Form 4 does not report any open-market purchases or sales of Covista Inc. shares by Douglas G. Beck.
What kinds of equity awards did Covista (CVSA) report vesting for Douglas G. Beck?
The filing describes vesting of restricted stock units and performance share units. Common Stock was issued in payout of performance share units awarded on November 8, 2023, with additional shares withheld to satisfy related tax withholding obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.