HMH CAO has 1,970 shares withheld for taxes
HMH’s chief accounting officer had shares withheld for taxes on RSU vesting, leaving 23,934 shares held directly.
Rhea-AI Filing Summary
HMH Holding Inc (HMH) reported that Chief Accounting Officer Hunain Qureshi had 1,970 shares of Class A common stock withheld on September 1, 2026 to satisfy tax withholding obligations upon the vesting of restricted stock units. The shares were valued at $19.26 per share for this tax-withholding disposition, which the board of directors approved as a net settlement under Rule 16b-3. Following this transaction, Qureshi holds 23,934 shares of HMH Class A common stock directly. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 1,970 shares
Tax Withholding
1 txn
Insider
Qureshi Hunain
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 1,970 | $19.26 | $38K |
Holdings After Transaction:
Class A Common Stock — 23,934 shares (Direct)
Footnotes (1)
- F1. Represents shares of Class A common stock, par value $0.01 per share of the Issuer withheld to satisfy tax withholding obligations upon the vesting of restricted stock units. This net settlement was approved by the board of directors of the Issuer pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
Key Figures
Shares withheld for tax: 1,970 shares
Transaction valuation price: $19.26 per share
Shares held after transaction: 23,934 shares
+2 more
5 metrics
Shares withheld for tax
1,970 shares
Class A common stock withheld on September 1, 2026 for tax withholding obligations
Transaction valuation price
$19.26 per share
Value used for the tax-withholding disposition of 1,970 shares
Shares held after transaction
23,934 shares
Direct holdings of Hunain Qureshi following the September 1, 2026 transaction
Transaction date
September 1, 2026
Date of tax-withholding disposition of Class A common stock
Code F shares
1,970 shares
Shares delivered or withheld for payment of tax liability
Key Terms
tax withholding obligations, restricted stock units, net settlement, Rule 16b-3
4 terms
tax withholding obligations financial
"withheld to satisfy tax withholding obligations upon the vesting"
restricted stock units financial
"upon the vesting of restricted stock units. This net settlement"
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.
net settlement financial
"This net settlement was approved by the board of directors"
Rule 16b-3 regulatory
"approved by the board of directors of the Issuer pursuant to Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What insider transaction did HMH (HMH) disclose for Hunain Qureshi?
HMH disclosed that Chief Accounting Officer Hunain Qureshi had 1,970 shares of Class A common stock withheld on September 1, 2026 to cover tax withholding obligations arising from the vesting of restricted stock units, leaving him with 23,934 shares held directly.
Was the HMH (HMH) insider transaction a market sale or tax withholding?
The transaction was not a market sale; it was a tax-withholding disposition, where 1,970 shares were withheld to satisfy tax obligations when restricted stock units vested, as described in the footnote to the filing.
Was a Rule 10b5-1 trading plan involved in the HMH (HMH) Form 4 transaction?
No. The filing indicates that no Rule 10b5-1 plan is reported for this transaction. The net share settlement for tax withholding was approved by the board under Rule 16b-3 instead.
AI-generated analysis. How Rhea-AI works. Not financial advice.