Quest Diagnostics (DGX) officer nets stock from award while covering taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quest Diagnostics executive Michael J. Deppe reported offsetting equity transactions involving company stock. He acquired 1,473 shares of Quest Diagnostics common stock on a grant/award basis tied to a performance stock award, valued at $204.86 per share, increasing his holdings at that moment to 35,946 shares.
On the same date, 750 shares were disposed of back to Quest Diagnostics at $204.86 per share solely to cover tax withholding obligations arising from the settlement of that performance stock award. After the tax-withholding disposition, Deppe directly owned 35,196 shares of Quest Diagnostics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Deppe Michael J
Role
SVP, Corp. Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,473 | $204.86 | $302K |
| Tax Withholding | Common Stock | 750 | $204.86 | $154K |
Holdings After Transaction:
Common Stock — 35,946 shares (Direct)
Footnotes (1)
- Stock issued by Quest Diagnostics Incorporated in settlement of a performance stock award approved in accordance with the requirements of Rule 16b-3(d). Disposition of common stock to the issuer solely to cover tax withholding obligations arising from the settlement of said performance stock award.
FAQ
What insider transactions did Quest Diagnostics (DGX) executive Michael J. Deppe report?
Michael J. Deppe reported one acquisition and one disposition of Quest Diagnostics common stock. He received 1,473 shares through a performance stock award and disposed of 750 shares back to the company to satisfy tax withholding obligations from that award.
Were Michael J. Deppe’s Quest Diagnostics (DGX) transactions open-market buys or sells?
No, the transactions were not open-market trades. The Form 4 classifies the acquisition as a grant or award of 1,473 shares and the disposition of 750 shares as a tax-withholding transaction, where shares were delivered back to the issuer to satisfy tax liabilities.