Genpact (G) SVP Nanduru settles PSU tax with 7,663 withheld shares
Rhea-AI Filing Summary
Genpact LTD Senior Vice President Anil Nanduru reported a routine tax-withholding transaction related to equity compensation. On this Form 4, 7,663 common shares were withheld at a price of $38.92 per share to cover taxes due upon the vesting of performance share units granted on March 15, 2023 under Genpact’s 2017 Omnibus Incentive Compensation Plan. After this non-market disposition, Nanduru directly holds 105,539 common shares, indicating the filing reflects compensation-related tax settlement rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,663 shares
Net Sell
1 txn
Insider
Nanduru Anil
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 7,663 | $38.92 | $298K |
Holdings After Transaction:
Common Shares — 105,539 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.
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FAQ
What insider transaction did Genpact (G) executive Anil Nanduru report?
Anil Nanduru reported a tax-withholding disposition of 7,663 Genpact common shares. The shares were withheld to pay taxes triggered by the vesting of performance share units granted under the company’s 2017 Omnibus Incentive Compensation Plan.
What equity award triggered the tax-withholding in Genpact (G)’s Form 4?
The tax-withholding relates to performance share units granted on March 15, 2023 under Genpact Limited’s 2017 Omnibus Incentive Compensation Plan. The units vested, creating a taxable event that was settled by withholding common shares.
What does transaction code "F" mean in the Genpact (G) Form 4 filing?
Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, Genpact withheld 7,663 shares from Anil Nanduru to cover taxes owed when his performance share units vested.