ISG vice chair uses shares to cover taxes
Information Services Group Inc. vice chairman Todd D. Lavieri reported a tax-related share withholding, not an open-market sale.
Rhea-AI Filing Summary
Information Services Group Inc. vice chairman Todd D. Lavieri reported a tax-related share withholding, not an open-market sale. On the transaction date, 19,379 shares of common stock were withheld at $4.01 per share to satisfy tax obligations tied to vesting restricted stock units under Rule 16b-3.
These shares are treated as a deemed disposition back to the company rather than shares sold in the market. After this withholding, Lavieri directly holds 1,140,528 shares of Information Services Group common stock, indicating the transaction is small relative to his overall equity position.
Insights
Routine tax withholding using shares; no open-market selling signal.
The filing shows an F-code transaction, meaning shares were surrendered to cover taxes on vesting restricted stock units. A total of 19,379 common shares were withheld at $4.01 per share, classified as a deemed disposition to the issuer.
Following this event, vice chairman Todd D. Lavieri directly owns 1,140,528 shares, so the withheld amount is small compared with his position. Because the transaction is tax-driven and non-market, it carries limited informational value about his view of the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Shares of Common Stock | 19,379 | $4.01 | $78K |
Footnotes (1)
- F1. Represents deemed disposition of shares of common stock to the Issuer as a result of withholding of shares of common stock to satisfy tax withholding obligations in connection with vesting of restricted stock units issued in accordance with Rule 16b-3.
FAQ
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What insider transaction did III executive Todd D. Lavieri report?
Was the Information Services Group (III) Form 4 a stock sale?
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AI-generated analysis. How Rhea-AI works. Not financial advice.