Enovis CFO reports tax-share withholding on RSUs
Rhea-AI Filing Summary
Enovis CORP’s Senior Vice President and Chief Financial Officer Phillip Benjamin (Ben) Berry reported an automatic share disposition tied to equity compensation. On the Form 4, 2,220 shares of common stock at $25.79 per share were withheld by the company to satisfy tax withholding obligations upon net settlement of restricted stock units, as clarified in the footnote that this does not represent a sale by the reporting person. After this tax-withholding event, Berry’s directly held common stock position is 113,789 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,220 shares
Net Sell
1 txn
Insider
BERRY PHILLIP BENJAMIN (BEN)
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common stock, par value $0.001 | 2,220 | $25.79 | $57K |
Holdings After Transaction:
Common stock, par value $0.001 — 113,789 shares (Direct)
Footnotes (1)
- F1. Represents shares that have been withheld by the Company to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock units and does not represent a sale by the reporting person.
FAQ
What insider transaction did Enovis (ENOV) report for CFO Phillip Berry?
Enovis reported that CFO Phillip Benjamin (Ben) Berry had 2,220 common shares withheld at $25.79 per share. These shares were retained by the company to cover tax withholding on vested restricted stock units, rather than representing an open-market sale by Berry.
What does transaction code F mean in the Enovis (ENOV) Form 4 filing?
Transaction code F in this Form 4 indicates a tax-related disposition of shares. Specifically, Enovis withheld 2,220 shares from CFO Phillip Berry to satisfy tax liabilities from restricted stock units, rather than the executive initiating a discretionary purchase or sale in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.