8x8 CLO shares withheld for RSU taxes
8x8, Inc. Chief Legal Officer Laurence Denny reported a routine tax-related share disposition.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
8x8, Inc. Chief Legal Officer Laurence Denny reported a routine tax-related share disposition. On the net settlement of vested restricted stock units, 25,404 shares of Common Stock were withheld by the company at $1.89 per share to cover income tax obligations and remittances, and this did not involve an open-market sale. After this withholding, Denny directly holds 618,378 shares of 8x8 Common Stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 25,404 | $1.89 | $48K |
Footnotes (1)
- F1. Represents the number of shares of Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the vested restricted stock units and does not represent a sale by the Reporting Person.
Key Figures
Key Terms
restricted stock units financial
net settlement financial
income tax withholding financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did 8x8 (EGHT) disclose for Chief Legal Officer Laurence Denny?
What does transaction code "F" mean in the 8x8 (EGHT) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.