FTI Consulting (NYSE: FCN) GC sells 8,710 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FTI Consulting General Counsel Curtis P. Lu exercised stock options for 8,710 shares of common stock at $40.36 per share and received 8,710 shares on March 9, 2026. He then sold 8,710 shares in an open-market transaction at $166.60 per share, leaving him with 44,955 shares held directly.
Separate transactions on March 6 and 8, 2026 disposed of 171 and 157 shares, respectively, at $168.41 per share to cover tax liabilities on vested restricted stock, which is a non-market, tax-withholding mechanism rather than a discretionary sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,710 shares ($1,451,086)
Net Sell
5 txns
Insider
Lu Curtis P
Role
General Counsel
Sold
8,710 shs ($1.45M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 8,710 | $0.00 | -- |
| Exercise | Common Stock | 8,710 | $40.36 | $352K |
| Sale | Common Stock | 8,710 | $166.60 | $1.45M |
| Tax Withholding | Common Stock | 157 | $168.41 | $26K |
| Tax Withholding | Common Stock | 171 | $168.41 | $29K |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 53,665 shares (Direct)
Footnotes (1)
- Represents shares of common stock of FTI Consulting, Inc. withheld to pay tax liability on shares of restricted stock awarded pursuant to Rule 16b-3(d), which vested on March 6, 2026. Represents shares of common stock of FTI Consulting, Inc. withheld to pay tax liability on shares of restricted stock awarded pursuant to Rule 16b-3(d), which vested on March 8, 2026. All options pursuant to these awards vested and became exercisable in full on March 6, 2020.
FAQ
What did FTI Consulting (FCN) General Counsel Curtis Lu do in this Form 4?
Curtis P. Lu exercised stock options for 8,710 FTI Consulting shares and sold the same 8,710 shares in the open market. He also had small share dispositions to cover tax liabilities tied to restricted stock vesting, a routine compensation-related event.
What was the stock option exercise price in the FTI Consulting (FCN) Form 4?
The stock options were exercised at an exercise price of $40.36 per share for 8,710 underlying FTI Consulting shares. These options had fully vested earlier and were exercisable before their March 6, 2027 expiration, turning a derivative award into common stock ownership before the subsequent sale.
What do the tax-withholding transactions mean in the FTI Consulting (FCN) Form 4?
The F-coded transactions represent 171 and 157 FTI Consulting shares withheld to satisfy tax obligations on restricted stock vesting. This process uses shares instead of cash to pay taxes, does not involve open-market selling, and is typically a routine aspect of equity compensation.