Getty Images (NYSE: GETY) chief of staff settles RSU taxes with 404 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Getty Images Holdings, Inc. Chief of Staff Michael Teaster reported a routine tax-related share disposition. On the vesting and settlement of RSUs, 404 shares of Class A Common Stock were withheld by the company to satisfy tax withholding obligations at a price of $0.61 per share. Following this withholding transaction, Teaster directly owns 488,458 shares of Class A Common Stock, indicating that the event reflects tax settlement mechanics rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Teaster Michael
Role
Chief of Staff
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 404 | $0.61 | $246.44 |
Holdings After Transaction:
Class A Common Stock — 488,458 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 404 shares
Withholding price per share: $0.61 per share
Shares owned after transaction: 488,458 shares
+1 more
4 metrics
Shares withheld for taxes
404 shares
Class A Common Stock withheld for RSU tax obligations
Withholding price per share
$0.61 per share
Value used for tax-withholding disposition of 404 shares
Shares owned after transaction
488,458 shares
Direct holdings of Class A Common Stock after withholding
Tax-withholding shares in summary
404 shares
Total tax-withholding shares reported in transaction summary
Key Terms
Class A Common Stock, RSUs, tax withholding obligations, tax-withholding disposition
4 terms
Class A Common Stock financial
"Represents shares of Class A Common Stock withheld by the Issuer"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
RSUs financial
"on the vesting and settlement of RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax withholding obligations financial
"withheld by the Issuer to satisfy tax withholding obligations"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Getty Images (GETY) report for Michael Teaster?
Getty Images reported that Chief of Staff Michael Teaster had 404 Class A shares withheld to cover tax obligations on RSU vesting. This was coded as a tax-withholding disposition, not an open-market sale, and is a standard administrative transaction.
Was the Getty Images (GETY) insider transaction an open-market sale or purchase?
The transaction was not an open-market sale or purchase. It was coded as an “F” transaction, representing shares withheld by the issuer to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units (RSUs).
What does the “F” transaction code mean in the Getty Images (GETY) Form 4?
The “F” code indicates payment of an exercise price or tax liability by delivering securities. In this case, 404 Getty Images shares were withheld by the issuer to cover tax withholding obligations tied to the vesting and settlement of RSUs.