DXC Technology (NYSE: DXC) EVP stock withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DXC Technology executive vice president Christopher Drumgoole reported tax-related share dispositions rather than market sales. On May 15, 2026, a total of 52,752 shares of common stock were withheld at $8.94 per share to cover tax liabilities tied to vesting and settlement of performance-vesting and time-based restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Drumgoole Christopher
Role
EVP, GIS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 33,524 | $8.94 | $300K |
| Tax Withholding | Common Stock | 19,228 | $8.94 | $172K |
Holdings After Transaction:
Common Stock — 697,903 shares (Direct, null)
Footnotes (1)
- Shares withheld to satisfy tax liabilities arising from 85,194 FY2024 performance-vesting restricted stock units that settled on May 15, 2026. Amount reported includes unvested RSUs. Shares withheld to satisfy tax liabilities arising from 48,863 restricted stock units (RSUs) that vested on May 15, 2026.
Key Figures
Tax-withheld shares (total): 52,752 shares
First withholding block: 19,228 shares at $8.94/share
Second withholding block: 33,524 shares at $8.94/share
+2 more
5 metrics
Tax-withheld shares (total)
52,752 shares
Shares withheld to satisfy tax liabilities on May 15, 2026
First withholding block
19,228 shares at $8.94/share
Common stock withheld for tax liability on May 15, 2026
Second withholding block
33,524 shares at $8.94/share
Common stock withheld for tax liability on May 15, 2026
Performance-vesting RSUs settled
85,194 RSUs
FY2024 performance-vesting RSUs settled on May 15, 2026
Time-based RSUs vested
48,863 RSUs
Restricted stock units vested on May 15, 2026
Key Terms
restricted stock units, performance-vesting restricted stock units, tax-withholding disposition, unvested RSUs
4 terms
restricted stock units financial
"Shares withheld to satisfy tax liabilities arising from 48,863 restricted stock units (RSUs) that vested on May 15, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-vesting restricted stock units financial
"Shares withheld to satisfy tax liabilities arising from 85,194 FY2024 performance-vesting restricted stock units that settled on May 15, 2026."
Performance-vesting restricted stock units are a form of employee pay where future company shares are granted only if the business meets specific targets, such as revenue, profit, or stock-price goals. Think of them as a bonus you earn only when certain milestones are hit; for investors they matter because they can increase the number of shares outstanding if goals are met and they reveal how management is being motivated to hit particular financial or operational objectives.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
unvested RSUs financial
"Amount reported includes unvested RSUs."
FAQ
What insider transaction did DXC EVP Christopher Drumgoole report on this Form 4?
Christopher Drumgoole reported a tax-withholding disposition of DXC common stock. A total of 52,752 shares were withheld by the company to satisfy tax liabilities from vested and settled restricted stock units on May 15, 2026, rather than being sold on the open market.
What DXC equity awards triggered the tax withholding for Christopher Drumgoole?
Tax withholding arose from 85,194 FY2024 performance-vesting restricted stock units that settled and 48,863 restricted stock units that vested. These RSU events on May 15, 2026 generated tax liabilities, which DXC satisfied by retaining a portion of the underlying shares.
Does the Form 4 note anything about unvested DXC restricted stock units for Christopher Drumgoole?
Yes. The filing states that the reported amount of DXC common stock includes unvested restricted stock units. This indicates that part of Drumgoole’s disclosed holdings consists of RSUs that are still subject to vesting conditions and are not yet fully deliverable shares.