DiamondRock (NYSE: DRH) CAO uses shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DiamondRock Hospitality Chief Accounting Officer Steve Spierto reported a tax-related share disposition. On this Form 4, he used 5,380 shares of common stock, valued at $10.04 per share, to satisfy tax withholding obligations. After this transaction, he directly owned 46,552 shares of DiamondRock Hospitality common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Spierto Steve
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock, par value $0.01 per share | 5,380 | $10.04 | $54K |
Holdings After Transaction:
Common stock, par value $0.01 per share — 46,552 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did DiamondRock Hospitality (DRH) report for Steve Spierto?
DiamondRock Hospitality reported that Chief Accounting Officer Steve Spierto used 5,380 common shares to cover tax withholding. The shares were valued at $10.04 each, and the transaction was coded as a tax-withholding disposition rather than an open-market trade.
How was the DiamondRock Hospitality (DRH) insider transaction classified on Form 4?
The transaction was classified under code F, meaning shares were used to pay exercise price or tax liability. It is described as a tax-withholding disposition, indicating no traditional open-market buy or sell but shares withheld to cover tax obligations.
Who is the insider involved in the latest DiamondRock Hospitality (DRH) Form 4 filing?
The insider is Steve Spierto, Chief Accounting Officer of DiamondRock Hospitality. He reported a tax-withholding disposition of 5,380 common shares at $10.04 per share, leaving him with 46,552 directly owned shares after the transaction recorded on the Form 4.