Innovex International (INVX) CFO shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Innovex International, Inc. Chief Financial Officer Reed Kendal reported a tax-withholding share disposition tied to restricted stock units. On the RSU release date, 3,349 shares of Common Stock were withheld at $24.79 per share to satisfy tax obligations. Following this non-market transaction, Kendal directly holds 214,483 Innovex shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reed Kendal
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,349 | $24.79 | $83K |
Holdings After Transaction:
Common Stock — 214,483 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 3,349 shares
Per-share value for withholding: $24.79 per share
Shares held after transaction: 214,483 shares
3 metrics
Shares withheld for taxes
3,349 shares
Tax-withholding disposition tied to RSU release
Per-share value for withholding
$24.79 per share
Value used for 3,349 withheld shares
Shares held after transaction
214,483 shares
Direct Innovex holdings after tax withholding
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition, Common Stock
4 terms
restricted stock units financial
"with the release of restricted stock units"
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.
tax withholding obligations financial
"to satisfy tax withholding obligations with the release"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Innovex International (INVX) report for Reed Kendal?
Innovex International reported a tax-withholding share disposition by CFO Reed Kendal. On the restricted stock unit release, 3,349 Common Stock shares were withheld to cover tax obligations, rather than sold on the open market, leaving him with 214,483 directly held shares.
Was Reed Kendal’s Innovex (INVX) Form 4/A transaction an open-market sale?
No, the filing describes a tax-withholding disposition, not an open-market sale. Shares were withheld at the officer’s election to cover tax obligations upon release of restricted stock units, consistent with the Form 4/A code F and accompanying footnote.