Genpact SVP has shares withheld for taxes
Genpact Limited reported a routine compensation-related share withholding for its Senior Vice President and CHRO, Piyush Mehta.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Genpact Limited reported a routine compensation-related share withholding for its Senior Vice President and CHRO, Piyush Mehta. On March 10, 5,702 common shares were withheld at $38.92 per share to cover taxes upon vesting of performance share units granted on March 15, 2023. Following this tax-withholding disposition, Mehta directly holds 156,485 common shares, reflecting his ongoing equity stake in the company rather than an open-market sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 5,702 | $38.92 | $222K |
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Is Piyush Mehta’s Genpact (G) Form 4 transaction an open-market sale?
What equity award triggered Piyush Mehta’s Genpact (G) tax withholding?
What does the F code mean in Piyush Mehta’s Genpact (G) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.