Acushnet (NYSE: GOLF) CFO has 6,615 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Acushnet Holdings Corp. Executive Vice President and CFO Sean S. Sullivan reported a tax-related share withholding tied to vesting of restricted stock units. On this transaction, 6,615 shares of common stock were withheld by the company at $99.56 per share to cover income tax obligations, leaving him with 95,590 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sullivan Sean S
Role
Executive Vice President, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,615.277 | $99.56 | $659K |
Holdings After Transaction:
Common Stock — 95,589.883 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Acushnet (GOLF) report for Sean S. Sullivan?
Acushnet reported a tax-withholding disposition for Executive Vice President and CFO Sean S. Sullivan. On the vesting of previously granted restricted stock units, 6,615 common shares were withheld by the company to satisfy income tax obligations rather than being sold on the open market.
Was the Acushnet (GOLF) Form 4 transaction an open-market sale by the CFO?
No, the transaction was not an open-market sale. The Form 4 describes shares withheld by Acushnet to cover income tax obligations from restricted stock unit vesting, a common administrative disposition, rather than a discretionary sale initiated by Executive Vice President and CFO Sean S. Sullivan.