DXP Enterprises (DXPE) CFO forfeits 6,936 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DXP Enterprises CFO Kent Yee reported a routine tax-withholding share disposition related to vesting. On this Form 4, 6,936 shares of DXP Common Stock were forfeited at $139.08 per share to satisfy a vesting tax liability, as explained in the footnote.
After this non-market tax-withholding transaction, Yee holds 60,642 shares of DXP Common Stock directly. The filing characterizes the event as a payment of tax liability by delivering securities, rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
YEE KENT NEE HUNG
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | DXP Common Stock | 6,936 | $139.08 | $965K |
Holdings After Transaction:
DXP Common Stock — 60,642 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 6,936 shares
Transaction price: $139.08 per share
Shares held after transaction: 60,642 shares
+3 more
6 metrics
Tax-withholding shares
6,936 shares
Shares forfeited to cover vesting tax liability
Transaction price
$139.08 per share
Value applied to the 6,936 forfeited shares
Shares held after transaction
60,642 shares
DXP Common Stock held directly by CFO following disposition
Transaction code
F
Payment of tax liability by delivering securities
Tax-withholding count
1 transaction
Single tax-withholding disposition reported in summary
Tax-withholding shares (summary)
6,936 shares
TaxWithholdingShares in transaction summary
Key Terms
tax-withholding disposition, vesting tax liability, DXP Common Stock, transaction code F
4 terms
tax-withholding disposition financial
"The Form 4 labels it as a 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.
vesting tax liability financial
"payment of a vesting tax liability that was satisfied by forfeiting shares"
DXP Common Stock financial
"6,936 shares of DXP Common Stock were forfeited at $139.08 per share"
transaction code F regulatory
"The transaction is coded “F” on the Form 4"
FAQ
What did DXP Enterprises (DXPE) CFO Kent Yee report in this Form 4?
DXP Enterprises CFO Kent Yee reported a tax-withholding disposition of 6,936 DXP Common Stock shares. The shares were forfeited to cover a vesting tax liability, rather than sold on the open market, and he continues to hold 60,642 shares directly afterward.
Was the DXP Enterprises (DXPE) CFO’s transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 labels it as a tax-withholding disposition, and the footnote clarifies the shares were forfeited to satisfy a vesting tax liability, meaning they were delivered to cover taxes rather than sold to market buyers.
How is the DXP Enterprises (DXPE) CFO’s transaction coded on the Form 4?
The transaction is coded “F” on the Form 4, indicating a tax-withholding disposition. The description specifies it is a payment of tax liability by delivering securities, aligning with the footnote that explains the shares were forfeited to cover a vesting tax obligation.