FG Annuities (NYSE: FG) EVP withholds 855 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
F&G Annuities & Life, Inc. executive Michael L. Gravelle, EVP and General Counsel, reported a tax-related share disposition. On the transaction date, 855 shares of Common Stock were withheld at $24.28 per share to cover tax obligations. Following this non‑market transaction, he directly holds 52,756 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gravelle Michael L
Role
EVP, General Counsel & Corp S
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 855 | $24.28 | $21K |
Holdings After Transaction:
Common Stock — 52,756 shares (Direct)
Footnotes (1)
Key Figures
Shares withheld for taxes: 855 shares
Price per share: $24.28 per share
Shares held after transaction: 52,756 shares
3 metrics
Shares withheld for taxes
855 shares
Tax-withholding disposition of Common Stock
Price per share
<money>$24.28</money> per share
Value used for tax-withholding disposition
Shares held after transaction
52,756 shares
Direct holdings following tax-withholding
Key Terms
tax-withholding disposition, Common Stock, Form 4, Payment of exercise price or tax liability by delivering securities
4 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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.
Payment of exercise price or tax liability by delivering securities financial
""transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transaction did FG executive Michael Gravelle report?
Michael L. Gravelle reported a tax-withholding disposition of 855 FG Common Stock shares. The shares were valued at $24.28 each to satisfy tax liabilities, a routine non-market transaction disclosed on a Form 4 filing.
Was the FG insider transaction a regular stock sale on the market?
No, the FG transaction was a tax-withholding disposition, not an open-market sale. 855 shares of Common Stock were delivered at $24.28 per share to cover tax obligations associated with equity compensation.
What does transaction code F mean in the FG Form 4 filing?
Transaction code F on the FG Form 4 indicates payment of a tax liability by delivering securities. In this case, 855 Common Stock shares were withheld at $24.28 per share to meet Michael Gravelle’s tax obligations.
Is the FG Form 4 insider transaction considered a buy or sell?
The FG Form 4 reflects a disposition related to taxes, not a traditional buy or sell. Shares were withheld as a tax-withholding disposition, classified as a payment of tax liability by delivering securities rather than an open-market trade.