Getty Images (GETY) CTO sells shares to cover RSU tax withholding
Rhea-AI Filing Summary
Getty Images Holdings Chief Technology Officer Nathaniel Gandert reported an open-market sale of 21,349 shares of Class A common stock at a weighted average price of $0.78 per share. The trades were executed between $0.76 and $0.82 per share.
According to the footnote, these non-discretionary sales were made to cover mandatory tax withholding obligations related to the vesting and settlement of restricted stock units and performance restricted stock units, under instructions in Rule 10b5-1 award agreements dated March 16, 2023. After this transaction, Gandert directly holds 590,242 shares of Getty Images Holdings common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 21,349 | $0.78 | $17K |
Footnotes (1)
- The non-discretionary sales to cover mandatory tax withholding obligations in connection with the vesting and settlement of restricted stock units and performance restricted stock units reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plan instructions adopted in connection by the Reporting Person in award agreements, dated March 16, 2023, for the respective equity grants. This transaction was executed in multiple trades at prices ranging from $.76 to $.82. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
FAQ
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