INSEEGO CAO reports RSU tax-withholding shares
Rhea-AI Filing Summary
INSEEGO CORP. Chief Accounting Officer James Paul McClaskey reported a routine tax-withholding transaction related to equity compensation. On the vesting of a previously granted restricted stock unit award, 215 shares of common stock were disposed of at $12.35 per share to cover tax liabilities. After this tax-withholding disposition, McClaskey directly holds 42,023 shares of INSEEGO common stock.
Positive
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Insider Trade Summary
Exercise Price or Tax Liability: 215 shares
Exercise Price or Tax Liability
1 txn
Insider
McClaskey James Paul
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 215 | $12.35 | $3K |
Holdings After Transaction:
Common Stock — 42,023 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 3 filed on 10/2/2024.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did INSEEGO (INSG) report for James Paul McClaskey?
INSEEGO reported that Chief Accounting Officer James Paul McClaskey disposed of 215 common shares. The transaction was a tax-withholding event tied to vesting of a restricted stock unit award, not an open-market sale of shares.
Was the INSEEGO (INSG) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. It was a tax-withholding disposition, where 215 shares were withheld to satisfy McClaskey’s tax liabilities arising from RSU vesting.
What does transaction code “F” mean in the INSEEGO (INSG) Form 4?
Transaction code “F” indicates payment of an exercise price or tax liability by delivering or withholding securities. In this case, 215 INSEEGO shares were withheld to satisfy James Paul McClaskey’s RSU-related tax obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.