Quest CFO disposes 869 shares for tax withholding
Quest Diagnostics Executive Vice President & CFO Sam Samad reported a Form 4 transaction involving common stock.
Rhea-AI Filing Summary
Quest Diagnostics Executive Vice President & CFO Sam Samad reported a Form 4 transaction involving common stock. On the reported date, he disposed of 869 shares at $204.86 per share in a tax-withholding transaction tied to the vesting of a prior restricted stock unit grant. This was a sale of shares to satisfy tax obligations rather than an open-market trade. After this transaction, he directly owned 27,041 shares of Quest Diagnostics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 869 shares
Exercise Price or Tax Liability
1 txn
Insider
SAMAD SAM
Role
Executive Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 869 | $204.86 | $178K |
Holdings After Transaction:
Common Stock — 27,041 shares (Direct)
Footnotes (1)
- F1. Sale of common stock to satisfy tax obligations arising from the vesting of a previous grant of restricted share units.
FAQ
What insider transaction did Quest Diagnostics (DGX) CFO Sam Samad report?
Sam Samad reported a tax-related disposition of 869 Quest Diagnostics common shares. The shares were sold to cover tax obligations arising from a previously vested restricted stock unit grant, rather than as a discretionary open-market sale.
Was the Quest Diagnostics (DGX) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not a typical open-market sale. The filing notes the common stock was sold specifically to satisfy tax obligations triggered by the vesting of an earlier restricted stock unit grant.
What does transaction code F mean in the Quest Diagnostics (DGX) Form 4?
Transaction code F indicates a disposition to pay an exercise price or tax liability using securities. Here, it reflects shares sold to satisfy tax obligations related to the vesting of previously granted restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.