Hycroft CEO has shares withheld for taxes
Hycroft Mining Holding Corp. President and CEO Diane R. Garrett reported a tax-related share disposition.
Rhea-AI Filing Summary
Hycroft Mining Holding Corp. President and CEO Diane R. Garrett reported a tax-related share disposition. On this amended Form 4, the issuer withheld 34,781 shares of Class A Common Stock at $50.50 per share to satisfy tax withholding obligations.
After this withholding, Garrett directly holds 916,730 shares of Class A Common Stock. The filing is an amendment that corrects the previously reported amount of securities withheld for taxes and does not reflect an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 34,781 shares
Exercise Price or Tax Liability
1 txn
Insider
GARRETT DIANE R
Role
PRESIDENT & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 34,781 | $50.50 | $1.76M |
Holdings After Transaction:
Class A Common Stock — 916,730 shares (Direct)
Footnotes (1)
- F1. This amendment corrects the amount of securities withheld by the issuer to satisfy tax withholding.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HYMC CEO Diane Garrett report on this Form 4/A?
Diane Garrett reported a tax-related disposition of shares. The issuer withheld 34,781 shares of Hycroft Mining Class A Common Stock at $50.50 per share to cover tax withholding obligations, rather than executing an open-market sale by the CEO.
What does the footnote in Diane Garrett’s HYMC Form 4/A clarify?
The footnote explains that the amendment corrects the amount of securities withheld. It clarifies that the updated figure reflects the accurate number of Hycroft Mining shares retained by the issuer to satisfy tax withholding obligations tied to the CEO’s equity compensation.
Does this HYMC Form 4/A indicate significant changes in Diane Garrett’s ownership stake?
The filing reflects only a routine tax-withholding adjustment. While 34,781 shares were withheld to cover tax liabilities, Diane Garrett continues to directly own 916,730 Hycroft Mining shares, so the amendment mainly corrects reported withholding rather than signaling a major ownership change.
AI-generated analysis. How Rhea-AI works. Not financial advice.