INSEEGO CORP. (INSG) CAO has 465 shares withheld for RSU taxes
Rhea-AI Filing Summary
INSEEGO CORP. Chief Accounting Officer James Paul McClaskey had 465 shares of common stock withheld on July 15, 2026 to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock units. This tax-withholding disposition did not involve an open-market sale, and he continues to hold 40,096 shares directly.
The RSU award was granted on July 30, 2024 and its vesting schedule was changed from monthly vesting over four years (with one-fourth vesting on the first anniversary and 1/48th monthly thereafter) to a quarterly vesting schedule that includes a 7.5% acceleration of vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McClaskey James Paul
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 465 | $7.86 | $4K |
Holdings After Transaction:
Common Stock — 40,096 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 465 shares
Withholding price per share: $7.86 per share
Shares held after transaction: 40,096 shares
+2 more
5 metrics
Shares withheld for taxes
465 shares
Common stock withheld to satisfy tax obligations on RSU vesting
Withholding price per share
$7.86 per share
Value used for the 465-share tax-withholding disposition
Shares held after transaction
40,096 shares
Direct common stock ownership by James Paul McClaskey after withholding
RSU grant date
July 30, 2024
Date of restricted stock unit grant linked to the tax withholding
Vesting acceleration
7.5%
Acceleration of vesting included in the modified quarterly RSU schedule
Key Terms
restricted stock units (RSUs), tax withholding obligations, quarterly vesting schedule, acceleration of vesting
4 terms
restricted stock units (RSUs) financial
"in connection with the vesting of restricted stock units (RSUs) granted"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
tax withholding obligations financial
"shares withheld to satisfy the reporting person's tax withholding obligations"
quarterly vesting schedule financial
"modified from an initial structure of monthly vesting ... to a quarterly vesting schedule"
acceleration of vesting financial
"to a quarterly vesting schedule, including a 7.5% acceleration of vesting"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did INSEEGO CORP. (INSG) report for its Chief Accounting Officer?
James Paul McClaskey had 465 shares of common stock withheld to cover tax obligations from vesting RSUs. The shares were valued at $7.86 per share, and the event reflects tax withholding rather than an open-market sale.
Which RSU grant was involved in the INSG insider tax-withholding event?
The tax withholding relates to restricted stock units granted on July 30, 2024. These RSUs vested in part, triggering tax obligations that were satisfied by withholding 465 shares of common stock from James Paul McClaskey.
How was the RSU vesting schedule for INSEEGO CORP. (INSG) modified for this award?
The RSU vesting was changed from monthly vesting over four years, with one-fourth after one year and 1/48th monthly, to a quarterly vesting schedule that includes a 7.5% acceleration of vesting on the award.
What does transaction code F mean in the INSG insider report?
Transaction code F indicates payment of a tax liability by delivering or withholding securities. In this case, 465 INSEEGO CORP. shares were withheld from James Paul McClaskey to satisfy tax obligations from RSU vesting, rather than being sold on the market.