Quest Diagnostics (DGX) SVP gets stock award and sells shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quest Diagnostics senior vice president for Diagnostic Services Patrick Plewman reported a mix of stock award activity, tax-related share disposition, and an open-market sale of common stock. On March 4, he acquired 5,682 shares as a grant or award at $204.86 per share, issued in settlement of a performance stock award approved under Rule 16b-3(d). On the same date, 2,827 shares were disposed of at $204.86 per share to Quest Diagnostics to cover tax withholding obligations from that award, leaving 18,053 shares directly owned afterward. On March 5, he sold 2,855 shares of common stock in an open-market transaction at $206.21 per share under a pre-arranged Rule 10b5-1 trading plan, resulting in direct ownership of 15,198 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,855 shares ($588,730)
Net Sell
3 txns
Insider
Plewman Patrick
Role
SVP for Diagnostic Services
Sold
2,855 shs ($589K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,855 | $206.21 | $589K |
| Grant/Award | Common Stock | 5,682 | $204.86 | $1.16M |
| Tax Withholding | Common Stock | 2,827 | $204.86 | $579K |
Holdings After Transaction:
Common Stock — 15,198 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. This sale reported was effected pursuant to a Rule 10b5-1 sales plan adopted by the reporting person.
FAQ
What insider transactions did Quest Diagnostics (DGX) report for Patrick Plewman?
Quest Diagnostics reported that executive Patrick Plewman received a stock award of 5,682 common shares, disposed of 2,827 shares to cover tax withholding, and sold 2,855 shares in an open-market transaction. These transactions adjusted his directly owned stake to 15,198 shares.
What stock award did Patrick Plewman receive from Quest Diagnostics (DGX)?
Patrick Plewman received 5,682 shares of Quest Diagnostics common stock issued in settlement of a performance stock award. The award was approved in accordance with Rule 16b-3(d), and the shares were valued at $204.86 per share on the grant date.