Innovex (INVX) North America president uses 2,072 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Innovex International, Inc. President of North America Mark Reddout reported a routine tax-related share disposition. On the release of restricted stock units, he had 2,072 shares of common stock withheld at an implied value of $24.79 per share to satisfy tax withholding obligations. After this non‑market transaction, he continues to hold 146,339 shares of Innovex common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reddout Mark
Role
President of North America
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,072 | $24.79 | $51K |
Holdings After Transaction:
Common Stock — 146,339 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,072 shares
Withholding share value: $24.79 per share
Shares held after transaction: 146,339 shares
3 metrics
Shares withheld for taxes
2,072 shares
Tax-withholding disposition on restricted stock unit release
Withholding share value
$24.79 per share
Implied value used for 2,072 withheld shares
Shares held after transaction
146,339 shares
Direct Innovex common stock holdings after tax withholding
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition, Form 4
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Innovex (INVX) executive Mark Reddout report?
Mark Reddout reported a tax-withholding disposition of 2,072 Innovex common shares. The shares were withheld upon release of restricted stock units to cover tax obligations, rather than sold on the open market, making this a routine compensation-related event.
Was Mark Reddout’s Innovex (INVX) transaction an open-market sale?
No. The Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by Innovex at Reddout’s election to meet tax obligations arising from restricted stock unit release, a standard mechanism for equity compensation.