8x8 (EGHT) Chief Legal Officer has 7,747 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
8x8, Inc. Chief Legal Officer Laurence Denny reported a routine tax-related share disposition. On the reported date, 7,747 shares of Common Stock were withheld by the company at a price of $1.77 per share to cover income tax obligations tied to vested restricted stock units.
The filing states this withholding does not represent a market sale by the insider. After this transaction, Denny directly holds 610,631 shares of 8x8 Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Denny Laurence
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,747 | $1.77 | $14K |
Holdings After Transaction:
Common Stock — 610,631 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 7,747 shares
Withholding price: $1.77 per share
Shares held after transaction: 610,631 shares
3 metrics
Tax-withheld shares
7,747 shares
Shares of Common Stock withheld for income tax obligations
Withholding price
$1.77 per share
Price applied to withheld Common Stock shares
Shares held after transaction
610,631 shares
Direct holdings of Common Stock following tax withholding
Key Terms
restricted stock units, net settlement, income tax withholding
3 terms
restricted stock units financial
"in connection with the net settlement of the vested restricted stock units"
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.
net settlement financial
"in connection with the net settlement of the vested restricted stock units"
income tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance obligations"
FAQ
What did 8x8 (EGHT) Chief Legal Officer Laurence Denny report in this Form 4?
Laurence Denny reported a tax-related share disposition, not an open-market trade. 7,747 8x8 Common Stock shares were withheld by the company to satisfy income tax obligations from vested restricted stock units, leaving him with 610,631 directly held shares afterward.