Getty Images (NYSE: GETY) CMO uses 2,996 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Getty Images Holdings Chief Marketing Officer Gene Foca reported a routine tax-related share disposition. The company withheld 2,996 shares of Class A Common Stock at $0.61 per share to cover tax obligations on the vesting and settlement of RSUs. After this withholding, Foca directly holds 754,655 Class A shares, so the transaction represents only a small portion of her overall stake and does not reflect an open-market sale or discretionary trading decision.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Foca Gene
Role
Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 2,996 | $0.61 | $2K |
Holdings After Transaction:
Class A Common Stock — 754,655 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,996 shares
Withholding price per share: $0.61 per share
Shares held after transaction: 754,655 shares
+1 more
4 metrics
Shares withheld for taxes
2,996 shares
Class A Common Stock withheld to satisfy RSU tax obligations
Withholding price per share
$0.61 per share
Value used for tax-withholding disposition reporting
Shares held after transaction
754,655 shares
Direct Class A Common Stock ownership following tax withholding
Tax-withholding transactions
1 transaction, 2,996 shares
Form 4 transaction summary for code F disposition
Key Terms
Class A Common Stock, RSUs, tax withholding obligations, restricted stock units
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
"to satisfy tax withholding obligations 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 on the vesting"
restricted stock units financial
"vesting and settlement of RSUs (restricted stock units) triggering withholding"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
What did Getty Images (GETY) CMO Gene Foca report in this Form 4?
Gene Foca reported a tax-withholding share disposition. Getty Images withheld 2,996 shares of Class A Common Stock to satisfy tax obligations from RSU vesting, a routine administrative event rather than an open-market trade.
Was Gene Foca’s Getty Images (GETY) Form 4 transaction an open-market sale?
No, it was not an open-market sale. The Form 4 identifies the transaction as shares withheld by Getty Images to cover tax obligations on RSU vesting, a standard non-discretionary tax-withholding event.