GoPro CFO reports tax-withholding share disposition
GoPro, Inc. executive Brian McGee reported a tax-related share disposition under a pre-existing equity award.
Rhea-AI Filing Summary
GoPro, Inc. executive Brian McGee reported a tax-related share disposition under a pre-existing equity award. On the transaction date, 25,735 shares of Class A Common Stock were relinquished at an indicated price of $0.8066 per share to cover federal and state tax withholding tied to the vesting of restricted stock units. These shares were cancelled by GoPro in exchange for the company paying the withholding obligations, and were not sold in an open-market transaction. Following this disposition, McGee directly held 748,155 shares, and an additional 276 shares were held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 25,735 | $0.8066 | $21K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Exempt transaction pursuant to Section 16b-3(e) - Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this line item were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units. The Reporting Person did not sell or otherwise dispose of any of the shares reported in this line item for any reason other than to cover required taxes.
FAQ
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What insider transaction did GoPro (GPRO) EVP, CFO and COO Brian McGee report?
Was Brian McGee’s GoPro (GPRO) Form 4 transaction an open-market sale?
What does the tax-withholding code F mean in Brian McGee’s GoPro (GPRO) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.