ISG (III) EVP Kucinski has 12,419 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Information Services Group Inc. executive Thomas S. Kucinski, EVP and Chief HR officer, reported a routine tax-related share disposition. On this Form 4, 12,419 shares of common stock were withheld at $4.51 per share to satisfy tax withholding obligations upon vesting of restricted stock units, as described under Rule 16b-3. After this non‑market transaction, he directly holds 333,017 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kucinski Thomas S.
Role
EVP, CHIEF HR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Shares of Common Stock | 12,419 | $4.51 | $56K |
Holdings After Transaction:
Shares of Common Stock — 333,017 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for tax: 12,419 shares
Withholding price: $4.51 per share
Shares held after transaction: 333,017 shares
+1 more
4 metrics
Shares withheld for tax
12,419 shares
Tax-withholding disposition on common stock
Withholding price
$4.51 per share
Value used for tax-withholding shares
Shares held after transaction
333,017 shares
Direct holdings following Form 4 event
Tax-withholding transactions
1 transaction, 12,419 shares
Form 4 transactionSummary for code F
Key Terms
restricted stock units, Rule 16b-3, tax withholding obligations, tax-withholding disposition
4 terms
restricted stock units financial
"in connection with vesting of restricted stock units issued in accordance"
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.
Rule 16b-3 regulatory
"restricted stock units issued in accordance with 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.
tax withholding obligations financial
"withholding of shares of common stock to satisfy tax withholding obligations"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Information Services Group (III) report for Thomas S. Kucinski?
Information Services Group reported that EVP and Chief HR officer Thomas S. Kucinski had 12,419 shares of common stock withheld to cover tax obligations from vesting restricted stock units, a non-market, tax-withholding disposition under Rule 16b-3.
What is the significance of Rule 16b-3 in the Information Services Group (III) Form 4?
The filing notes the RSU vesting and tax withholding were conducted under Rule 16b-3. This rule provides an exemption for certain insider transactions tied to equity compensation plans, helping classify them as routine, board-approved compensation events rather than discretionary trades.
What transaction code was used in the Information Services Group (III) Form 4?
The Form 4 uses transaction code F, indicating payment of tax liability by delivering securities. In this case, 12,419 shares of common stock were withheld and deemed disposed to the issuer to satisfy tax withholding obligations upon RSU vesting.