Enovis (ENOV) CEO McDonald has 12,634 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enovis CORP Chief Executive Officer Damien McDonald reported a routine tax-related share disposition. On May 12, 2026, 12,634 shares of common stock at $25.99 per share were withheld by the company to satisfy tax obligations tied to net-settled restricted stock units, and this was not an open-market sale. After this withholding, McDonald directly holds 234,042 shares of Enovis common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McDonald Damien
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock, par value $0.001 | 12,634 | $25.99 | $328K |
Holdings After Transaction:
Common stock, par value $0.001 — 234,042 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 12,634 shares
Reference price per share: $25.99 per share
Shares held after transaction: 234,042 shares
3 metrics
Shares withheld for taxes
12,634 shares
Tax withholding disposition on May 12, 2026
Reference price per share
$25.99 per share
Value used for tax-withholding shares
Shares held after transaction
234,042 shares
Direct Enovis common stock holdings post-transaction
Key Terms
restricted stock units, tax withholding, net settlement, tax-withholding disposition
4 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 in connection with the net settlement"
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"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition","transaction_code_description"
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.
FAQ
What did Enovis (ENOV) CEO Damien McDonald report in this Form 4?
Enovis CEO Damien McDonald reported that 12,634 shares of common stock were withheld by the company to cover tax obligations from net-settled restricted stock units, leaving him with 234,042 directly held shares after the transaction.
Was the Enovis (ENOV) CEO’s Form 4 transaction an open-market sale?
No, the filing states the 12,634 shares were withheld by Enovis to satisfy tax withholding and remittance obligations for restricted stock units and explicitly notes this does not represent a sale by Damien McDonald in the open market.
What does transaction code “F” mean in the Enovis (ENOV) CEO’s Form 4?
Transaction code “F” indicates a tax-withholding disposition, where shares are delivered to the issuer to cover exercise price or tax liabilities, rather than being sold in the open market. Here, it reflects shares withheld for restricted stock unit tax obligations.