Genpact (NYSE: G) SVP covers tax bill with vested share withholding
Rhea-AI Filing Summary
Genpact Limited Senior Vice President Sameer Dewan reported a tax-related share disposition tied to equity compensation. On this Form 4, 3,542 common shares were withheld at a value of $38.92 per share to cover taxes upon vesting of performance share units granted on March 15, 2023.
After this withholding, Dewan directly holds 57,665 common shares. This transaction reflects routine tax withholding on vested performance-based awards under the Genpact Limited 2017 Omnibus Incentive Compensation Plan rather than an open-market purchase or sale decision.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,542 shares
Net Sell
1 txn
Insider
Dewan Sameer
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 3,542 | $38.92 | $138K |
Holdings After Transaction:
Common Shares — 57,665 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld for payment of taxes upon the vesting of performance share units granted on March 15, 2023 under the Genpact Limited 2017 Omnibus Incentive Compensation Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Genpact (G) Senior Vice President Sameer Dewan report?
Sameer Dewan reported a tax-withholding disposition of 3,542 Genpact common shares. These shares were withheld to pay taxes when performance share units vested, rather than sold on the open market, reflecting a routine equity-compensation-related event instead of a discretionary trade.
What equity plan is referenced in Sameer Dewan’s Genpact Form 4 tax-withholding transaction?
The tax-withholding disposition relates to awards under the Genpact Limited 2017 Omnibus Incentive Compensation Plan. Shares were withheld to cover taxes when performance share units granted on March 15, 2023, vested according to the terms of this company equity compensation program.