Hycroft Mining (HYMC) CFO has 7,483 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hycroft Mining Holding Corp Executive Vice President & CFO Stanton K. Rideout reported a tax-related share disposition. On this date, 7,483 shares of Class A Common Stock were withheld by the company to cover his tax obligations from vesting restricted stock units. After this automatic withholding, he directly owns 474,464 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RIDEOUT STANTON K
Role
Executive Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 7,483 | $23.27 | $174K |
Holdings After Transaction:
Class A Common Stock — 474,464 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 7,483 shares
Reported share value: $23.27 per share
Shares owned after transaction: 474,464 shares
3 metrics
Tax-withheld shares
7,483 shares
Class A Common Stock withheld to satisfy RSU tax obligations
Reported share value
$23.27 per share
Value used for 7,483 withheld shares
Shares owned after transaction
474,464 shares
Direct Class A Common Stock holdings following withholding
Key Terms
restricted stock units, tax withholding obligations, Class A Common Stock
3 terms
restricted stock units financial
"in connection with the vesting of restricted stock units previously granted"
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.
tax withholding obligations financial
"to satisfy the Reporting Person's tax withholding obligations in connection with the vesting"
Class A Common Stock financial
"Represents the number of Class A Common Stock shares withheld by the Issuer"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did Hycroft Mining (HYMC) disclose in this Form 4 for Stanton K. Rideout?
Hycroft Mining reported that CFO Stanton K. Rideout had 7,483 Class A Common shares withheld to cover tax obligations from vesting restricted stock units. This is an automatic tax-withholding disposition, not an open-market stock sale, leaving him with 474,464 directly owned shares.
What is the significance of the F code in the HYMC Form 4 transaction?
The F code indicates a tax-withholding disposition, where shares are delivered to the issuer to cover tax or exercise costs. For HYMC, it shows 7,483 shares were withheld from the CFO’s vesting restricted stock units, rather than sold in an open-market transaction to third-party buyers.