FOXF (FOXF) CFO reports 524-share tax withholding, holds 86,590 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOX Factory Holding Corp Chief Financial Officer Dennis Charles Schemm reported a routine tax-related share disposition. On the vesting of restricted stock units, 524 shares of common stock were withheld at $17.74 per share to satisfy tax obligations, according to the filing footnote.
These withheld shares were not sold in the open market but used to cover taxes due on equity compensation. After this transaction, Schemm directly holds 86,590 shares of FOX Factory Holding Corp common stock, reflecting his continuing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schemm Dennis Charles
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 524 | $17.74 | $9K |
Holdings After Transaction:
Common Stock — 86,590 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 524 shares
Withholding price per share: $17.74 per share
Shares held after transaction: 86,590 shares
3 metrics
Shares withheld for taxes
524 shares
Tax withholding on RSU vesting
Withholding price per share
$17.74 per share
Value used for 524-share tax withholding
Shares held after transaction
86,590 shares
Direct ownership after tax-withholding disposition
Key Terms
restricted stock units, tax obligations, tax-withholding disposition, Common Stock
4 terms
restricted stock units financial
"Shares withheld to satisfy tax obligations arising out of vesting of restricted stock units."
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 obligations financial
"Shares withheld to satisfy tax obligations arising out of vesting of restricted stock units."
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.
FAQ
What insider transaction did FOXF CFO Dennis Schemm report on this Form 4?
Dennis Schemm reported a tax-related share disposition. 524 shares of FOX Factory Holding Corp common stock were withheld at $17.74 per share to cover taxes from vesting restricted stock units, rather than being sold in an open-market transaction.
What transaction code is used in the FOXF Form 4 and what does it mean?
The Form 4 uses transaction code “F”, which indicates payment of a tax liability by delivering or withholding securities. Here, it reflects the withholding of 524 shares of common stock to cover taxes on restricted stock unit vesting.