DiamondRock Hospitality (DRH) CFO uses shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DiamondRock Hospitality executive Briony R. Quinn reported a tax-related share disposition. On the transaction date, she transferred 11,096 shares of common stock at $10.04 per share to cover tax withholding obligations. After this non-market transaction, she continued to own 304,223 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Quinn Briony R.
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock, par value $0.01 per share | 11,096 | $10.04 | $111K |
Holdings After Transaction:
Common stock, par value $0.01 per share — 304,223 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did DiamondRock Hospitality (DRH) report for Briony R. Quinn?
DiamondRock Hospitality reported that EVP & Chief Financial Officer Briony R. Quinn disposed of 11,096 common shares. The transaction was a tax-withholding disposition, where shares were delivered to satisfy tax obligations rather than sold in an open-market trade.
Was the DiamondRock Hospitality (DRH) insider transaction a market sale?
No, the insider transaction was coded “F,” indicating a tax-withholding disposition. Shares were delivered to cover tax liabilities associated with equity compensation, not sold on the open market to another investor or through a brokerage transaction.
What does transaction code “F” mean in the DiamondRock Hospitality (DRH) Form 4?
Transaction code “F” identifies a payment of exercise price or tax liability by delivering securities. In this case, it shows that shares of DiamondRock Hospitality common stock were used to cover tax obligations rather than representing a traditional open-market purchase or sale.