Inseego CFO covers taxes with share withholding
Rhea-AI Filing Summary
INSEEGO CORP. Chief Financial Officer Steven Gatoff reported a tax-withholding disposition of 1,570 shares of common stock at $12.35 per share. The shares were withheld to cover tax liabilities arising from the vesting of a previously granted RSU award, leaving him with 236,875 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 1,570 shares
Exercise Price or Tax Liability
1 txn
Insider
Gatoff Steven
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,570 | $12.35 | $19K |
Holdings After Transaction:
Common Stock — 236,875 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to the vesting of shares from a restricted stock unit (RSU) award that was granted on 7/30/2024. The grant of the RSU was previously reported in Table I of reporting person's Form 4 filed on 8/1/2024.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did INSG CFO Steven Gatoff report?
INSEEGO CORP. CFO Steven Gatoff reported a tax-withholding disposition of 1,570 common shares. These shares were withheld to satisfy tax liabilities from the vesting of a restricted stock unit (RSU) award granted on July 30, 2024, rather than an open-market sale.
Was the INSG CFO’s Form 4 transaction an open-market sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to cover Steven Gatoff’s tax liabilities related to vesting RSUs, as disclosed in the Form 4 footnote, rather than being sold to third-party buyers.
AI-generated analysis. How Rhea-AI works. Not financial advice.