Enovis (ENOV) CFO has 7,774 shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enovis CORP SVP and Chief Financial Officer Phillip Ben Berry reported a tax-related share withholding, not an open-market sale. On this Form 4, 7,774 shares of common stock were withheld by the company at $25.99 per share to satisfy tax obligations tied to restricted stock units. After this withholding, Berry directly holds 150,822 shares of Enovis common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BERRY PHILLIP BENJAMIN (BEN)
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock, par value $0.001 | 7,774 | $25.99 | $202K |
Holdings After Transaction:
Common stock, par value $0.001 — 150,822 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 7,774 shares
Withholding price: $25.99 per share
Shares held after transaction: 150,822 shares
+1 more
4 metrics
Shares withheld for taxes
7,774 shares
Withheld to satisfy tax obligations on restricted stock units
Withholding price
$25.99 per share
Price at which the 7,774 shares were withheld
Shares held after transaction
150,822 shares
Direct Enovis common stock holdings after tax withholding
Tax-withholding transactions
1 transaction, 7,774 shares
Aggregate tax withholding activity in this Form 4
Key Terms
restricted stock units, tax withholding, net settlement, Form 4, +1 more
5 terms
restricted stock units financial
"in connection with the net settlement of restricted stock units and does not represent a sale"
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.
tax withholding financial
"withheld by the Company to satisfy tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
net settlement financial
"in connection with the net settlement of restricted stock units and does not represent a sale"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code F regulatory
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities"
FAQ
What did Enovis (ENOV) CFO Phillip Ben Berry report in this Form 4?
Phillip Ben Berry reported that 7,774 Enovis shares were withheld by the company at $25.99 per share to cover tax obligations from restricted stock units. This was a tax-withholding event, not an open-market sale, and reflects routine equity compensation settlement.
What is the transaction code F in the Enovis (ENOV) Form 4?
Transaction code F indicates a payment of exercise price or tax liability by delivering securities. In this Enovis filing, it represents shares withheld by the company to satisfy tax withholding on restricted stock units, not a voluntary purchase or sale in the open market.