FTAI Aviation (FTAI) president has 1,956 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FTAI Aviation Ltd. president David Moreno reported a tax-related share withholding rather than an open-market trade. On this Form 4, the issuer withheld 1,956 Ordinary Shares at $281.75 per share to satisfy tax obligations upon vesting of restricted stock units, and no shares were sold. After this adjustment, Moreno directly owns 238,490 Ordinary Shares. He also reports indirect ownership, through a BVI corporation, of 4,354 Ordinary Shares and 8,000 Series D Preferred Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Moreno David
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 1,956 | $281.75 | $551K |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Series D Preferred Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 238,490 shares (Direct);
Ordinary Shares — 4,354 shares (Indirect, By BVI Corp);
Series D Preferred Shares — 8,000 shares (Indirect, By BVI Corp)
Footnotes (1)
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FAQ
What did FTAI (FTAI) president David Moreno disclose in this Form 4 filing?
David Moreno disclosed that FTAI Aviation withheld 1,956 Ordinary Shares at $281.75 per share to cover tax obligations from vesting restricted stock units. The filing clarifies no shares were sold and updates his direct and indirect shareholdings.
What indirect holdings does David Moreno report in FTAI (FTAI) securities?
David Moreno reports indirect ownership through a BVI corporation of 4,354 Ordinary Shares and 8,000 Series D Preferred Shares of FTAI Aviation. These positions are classified as indirect, separate from his personal direct Ordinary Share holdings in the company.
What does transaction code F indicate in David Moreno’s FTAI Form 4?
Transaction code F indicates a tax-withholding disposition, where shares are delivered to cover tax liabilities or exercise price. In this case, 1,956 Ordinary Shares were withheld by FTAI Aviation to satisfy tax withholding upon vesting of restricted stock units.
Does this FTAI (FTAI) Form 4 suggest buying or selling activity by David Moreno?
The Form 4 shows a tax-withholding disposition, not typical buying or selling. Shares were withheld by the issuer to cover taxes from restricted stock unit vesting, and the accompanying footnote confirms that no FTAI shares were actually sold in the market.