COO of International Money Express (NASDAQ: IMXI) has 1,489 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
International Money Express, Inc. Chief Operating Officer Christopher D. Hunt had 1,489 shares of common stock withheld by the company at $15.51 per share to cover tax obligations tied to restricted stock units vesting. After this tax-withholding disposition, he directly owns 126,508 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hunt Christopher D.
Role
COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,489 | $15.51 | $23K |
Holdings After Transaction:
Common Stock — 126,508 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did IMXI COO Christopher D. Hunt report?
Christopher D. Hunt reported a tax-related disposition where 1,489 IMXI common shares were withheld by the company. The shares were withheld in conjunction with the vesting of restricted stock units, rather than being sold in an open-market transaction.
Was the IMXI COO’s Form 4 transaction an open-market sale?
The transaction was not an open-market sale; it was a tax-withholding disposition. The filing explains that shares were withheld by the issuer in connection with the vesting of restricted stock units, to cover related tax liabilities for the reporting person.
What does transaction code F mean in the IMXI COO’s Form 4?
Transaction code F indicates a tax-withholding disposition, where shares are delivered to satisfy tax liabilities or exercise costs. In this case, IMXI withheld 1,489 shares upon restricted stock units vesting, as described in the transaction code explanation and footnote.