DXP Enterprises (DXPE) COO forfeits 5,821 shares to satisfy vesting tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DXP Enterprises Inc. chief operating officer Nicholas Little reported a tax-related share disposition. On the vesting date, 5,821 shares of DXP common stock were forfeited at an implied price of $138.82 per share to satisfy a vesting tax liability, rather than being sold in the market. After this tax-withholding event, he continues to hold 798,740 DXP common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LITTLE NICHOLAS
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | DXP Common Stock | 5,821 | $138.82 | $808K |
Holdings After Transaction:
DXP Common Stock — 798,740 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares disposed for taxes: 5,821 shares
Implied price per share: $138.82 per share
Shares held after transaction: 798,740 shares
+1 more
4 metrics
Shares disposed for taxes
5,821 shares
Tax-withholding disposition on equity vesting
Implied price per share
$138.82 per share
Value used for tax-withholding disposition
Shares held after transaction
798,740 shares
Direct ownership after tax-withholding event
Transaction direction
Dispose (tax-withholding)
Form 4 transaction classification
Key Terms
tax-withholding disposition, vesting tax liability, DXP Common Stock, forfeiting shares
4 terms
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.
vesting tax liability financial
"reflects the payment of a vesting tax liability that was satisfied"
DXP Common Stock financial
"security_title": "DXP Common Stock""
FAQ
What did DXP Enterprises (DXPE) COO Nicholas Little report in this Form 4?
Nicholas Little reported a tax-related share disposition, where 5,821 DXP common shares were forfeited to cover a vesting tax liability. This was an administrative event tied to equity compensation, not an open-market purchase or sale of shares.
Does the DXP Enterprises (DXPE) Form 4 show an open-market sale by the COO?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were forfeited to meet a vesting tax obligation, as noted in the footnote, rather than being sold to outside buyers through the public market.
What is a tax-withholding disposition in the context of DXP Enterprises (DXPE) equity awards?
A tax-withholding disposition occurs when shares are withheld or forfeited to cover taxes owed when equity awards vest. In this case, 5,821 DXP shares were forfeited to satisfy the COO’s vesting tax liability instead of paying that obligation entirely in cash.