Identiv (INVE) officer reports 1,133-share RSU tax withholding event
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Identiv, Inc. officer Edward Kirnbauer reported a routine tax-related share disposition. On the vesting of previously granted restricted stock units, 1,133 shares of common stock were withheld at $4.05 per share to cover tax obligations, rather than being sold on the open market.
After this withholding, Kirnbauer directly holds 90,698 shares of common stock, which includes 56,875 shares underlying restricted stock units that are granted but not yet vested. This filing reflects a compensation and tax event, not an open-market trade or change in investment stance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KIRNBAUER EDWARD
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,133 | $4.05 | $5K |
Holdings After Transaction:
Common Stock — 90,698 shares (Direct, null)
Footnotes (1)
- Represents the withholding of shares to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units granted pursuant to Issuer's 2011 Incentive Compensation Plan. Includes an aggregate of 56,875 shares of common stock issuable pursuant to restricted stock units that have not vested.
Key Figures
Shares withheld for taxes: 1,133 shares
Withholding price: $4.05 per share
Shares held after transaction: 90,698 shares
+1 more
4 metrics
Shares withheld for taxes
1,133 shares
Tax withholding on RSU vesting
Withholding price
$4.05 per share
Value used for tax-withholding disposition
Shares held after transaction
90,698 shares
Direct Identiv common stock ownership post-transaction
Unvested RSUs
56,875 shares
Common stock issuable from restricted stock units not yet vested
Key Terms
Restricted Stock Units, 2011 Incentive Compensation Plan, tax withholding obligations
3 terms
Restricted Stock Units financial
"vesting and settlement of Restricted Stock Units granted pursuant to Issuer's 2011 Incentive Compensation Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2011 Incentive Compensation Plan financial
"Restricted Stock Units granted pursuant to Issuer's 2011 Incentive Compensation Plan"
tax withholding obligations financial
"withholding of shares to cover tax withholding obligations associated with the vesting and settlement"
FAQ
What did Identiv (INVE) officer Edward Kirnbauer report in this Form 4?
Edward Kirnbauer reported a tax-related share disposition, where 1,133 Identiv common shares were withheld at $4.05 per share to satisfy tax obligations tied to vesting restricted stock units, rather than being sold in the open market.
Was the Identiv (INVE) Form 4 transaction an open-market sale or purchase?
The transaction was not an open-market sale or purchase. It reflects shares withheld by Identiv to cover tax obligations upon vesting of restricted stock units, a standard compensation-related mechanism that does not indicate an active trading decision by the officer.
What role did restricted stock units play in the Identiv (INVE) Form 4 filing?
The Form 4 centers on restricted stock units vesting under Identiv’s 2011 Incentive Compensation Plan. When these RSUs vested, 1,133 resulting shares were withheld to cover tax obligations, and 56,875 additional shares remain issuable from RSUs that have not yet vested.
Does the Identiv (INVE) Form 4 suggest a change in insider sentiment?
The filing does not suggest a change in insider sentiment. It records routine tax withholding on vesting restricted stock units, a common administrative event in equity compensation programs, rather than a discretionary decision to buy or sell Identiv shares in the market.