Dine Brands (DIN) IHOP president has shares withheld for tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dine Brands Global, Inc. executive Lawrence Y. Kim, President of the IHOP Business Unit, reported a tax-related share disposition. On the vesting of restricted stock, 2,303 shares of common stock were withheld by the company at $31.58 per share to cover withholding obligations, rather than being an open-market sale. After this withholding, Kim directly holds 59,211 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kim Lawrence Y.
Role
President, IHOP Business Unit
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,303 | $31.58 | $73K |
Holdings After Transaction:
Common Stock — 59,211 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Dine Brands (DIN) report for Lawrence Y. Kim?
Dine Brands reported that executive Lawrence Y. Kim had 2,303 shares of common stock withheld to cover taxes upon restricted stock vesting. This was a tax-withholding disposition, not an open-market sale, and is a routine equity compensation event.
Was the Dine Brands (DIN) Form 4 transaction an open-market stock sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by Dine Brands to satisfy Lawrence Y. Kim’s tax obligations tied to restricted stock vesting, a common administrative mechanism for equity awards.
What does transaction code F mean in the Dine Brands (DIN) Form 4?
Transaction code F indicates shares were used to pay an exercise price or tax liability. For Dine Brands, 2,303 shares owned by Lawrence Y. Kim were withheld by the issuer to satisfy tax withholding triggered by restricted stock vesting.