Exponent (EXPO) Group VP exercises RSUs and has shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Exponent Inc Group Vice President Richard Reiss reported routine equity compensation activity. He exercised 2,120 Restricted Stock Units granted on March 11, 2022, converting them into an equal number of common shares on a 1:1 basis. To cover related tax obligations, the company withheld 958 common shares at a value of $70.03 per share. After these transactions, Reiss directly holds 3,960 shares of Exponent common stock, indicating a net increase in his ownership from this award vesting and tax withholding event.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,120 shares exercised/converted
Mixed
3 txns
Insider
Reiss Richard
Role
Group Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,120 | $0.00 | -- |
| Exercise | Common Stock | 2,120 | $0.00 | -- |
| Tax Withholding | Common Stock | 958 | $70.03 | $67K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 4,918 shares (Direct)
Footnotes (1)
- Reflects the conversion of shares of vested Restricted Stock Units granted on March 11, 2022 into shares of Common Stock on a 1:1 basis. Not applicable. Reflects shares of common stock withheld by the Company to satify the tax withholding obligations of the Reporting Person.
FAQ
What insider transactions did Exponent (EXPO) report for Richard Reiss?
Exponent reported that Group Vice President Richard Reiss exercised 2,120 Restricted Stock Units into common stock and had 958 shares withheld to satisfy tax obligations, leaving him with 3,960 directly held common shares after the March 11, 2026 transactions.
What do the Restricted Stock Unit conversions mean for Exponent (EXPO) insider ownership?
The conversion of 2,120 Restricted Stock Units into common stock increased Richard Reiss’s direct share ownership to 3,960 shares. This reflects routine equity compensation vesting, combined with share withholding to pay taxes, rather than a change driven by market trading decisions.