Tax withholding trims Acushnet (NYSE: GOLF) president's holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Acushnet Holdings Corp. President – FootJoy Christopher Aaron Lindner reported a tax-withholding share disposition related to equity compensation. On the vesting of previously reported restricted stock units, 3,451.354 shares of common stock were withheld by the company at $99.56 per share to satisfy income tax withholding and remittance obligations. After this non-market transaction, Lindner directly owns 84,569.971 shares of Acushnet common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lindner Christopher Aaron
Role
President - FootJoy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,451.354 | $99.56 | $344K |
Holdings After Transaction:
Common Stock — 84,569.971 shares (Direct)
Footnotes (1)
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FAQ
What did Acushnet (GOLF) executive Christopher Lindner report in this Form 4?
Christopher Lindner reported a tax-withholding share disposition. The company withheld shares when his restricted stock units vested to cover income tax obligations, rather than him selling shares in the open market. This is a common administrative step for equity compensation.
Was this Acushnet (GOLF) Form 4 transaction an open-market sale by the executive?
No, it was not an open-market sale. The shares were withheld by Acushnet to satisfy income tax withholding and remittance obligations when restricted stock units vested, rather than being voluntarily sold by the executive in the market.
What does transaction code "F" mean in this Acushnet (GOLF) Form 4?
Transaction code "F" indicates a tax-withholding disposition. It reflects payment of an exercise price or tax liability by delivering or withholding securities, as occurred here when the company withheld shares upon restricted stock unit vesting.