Quest Diagnostics (DGX) SVP awarded options, RSUs and reports tax-share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quest Diagnostics senior vice president Karthik Kuppusamy reported multiple equity-related transactions. He received a grant of 9,853 non-qualified stock options and an award of 2,135 restricted stock units, both at no cost. Shares of common stock totaling 252 and 259 were disposed of to the issuer solely to cover tax withholding obligations from vesting restricted stock units. He also recorded a small acquisition of 16 common shares under Rule 16a-6 and reported indirect holdings through a 401(k) plan and a trust. The granted options vest in three equal annual installments beginning on the first anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
KUPPUSAMY KARTHIK
Role
SVP, Clinical Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualifed Stock Option (right to buy) | 9,853 | $0.00 | -- |
| Tax Withholding | Common Stock | 252 | $210.01 | $53K |
| Tax Withholding | Common Stock | 259 | $206.99 | $54K |
| Grant/Award | Common Stock | 2,135 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| L | Common Stock | 16 | $183.516 | $3K |
Holdings After Transaction:
Non-Qualifed Stock Option (right to buy) — 9,853 shares (Direct);
Common Stock — 8,173 shares (Direct);
Common Stock — 1,655 shares (Indirect, 401(k))
Footnotes (1)
- Disposition of common stock to the issuer solely to cover tax withholding obligations arising from the vesting of restricted stock units. Represents an award of restricted stock units. Reflects shares that were acquired pursuant to a dividend reinvestment plan administered by the reporting person's broker and eligible for deferred reporting on Form 5 under Rule 16a-6. The reporting person has chosen to report such transaction early on this Form 4. The amount includes exempt purchases made under the Company's stock purchase plan since the date of the reporting person's last filing on Form 4. These underlying shares were acquired on a periodic basis by the trustee of the Company's tax qualified Profit Sharing (401(k)) Plan. The information was obtained from the plan administrator as of a current date. The number of shares is based on the account balance of the Company stock fund under the Plan (which includes some money market instruments) divided by the market price of the Company's stock as of that date. The options vest in three equal annual installments beginning on the first annual anniversary of the grant date.
FAQ
What insider transactions did DGX executive Karthik Kuppusamy report on this Form 4?
Karthik Kuppusamy reported a grant of 9,853 non-qualified stock options, an award of 2,135 restricted stock units, two small share dispositions to cover tax withholding, and a 16-share acquisition eligible for deferred reporting under Rule 16a-6.
How many Quest Diagnostics options and RSUs did Karthik Kuppusamy receive?
He received 9,853 non-qualified stock options and an award of 2,135 restricted stock units. The options vest in three equal annual installments starting on the first anniversary of the grant date, aligning compensation with longer-term company performance.
What is the vesting schedule of the DGX options granted to Karthik Kuppusamy?
The options vest in three equal annual installments beginning on the first annual anniversary of the grant date. This structure spreads the vesting over three years, encouraging continued service and alignment with the company’s longer-term shareholder interests.