Innovex CEO uses 8,929 shares to cover RSU taxes
Innovex International, Inc. Chief Executive Officer Adam Anderson reported an automatic share disposition related to equity compensation.
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Rhea-AI Filing Summary
Innovex International, Inc. Chief Executive Officer Adam Anderson reported an automatic share disposition related to equity compensation. On the release of restricted stock units, 8,929 shares of common stock were withheld at a price of $24.79 per share to satisfy tax withholding obligations. After this non-market, tax-related transaction, Anderson directly holds 505,253 shares of Innovex common stock.
Insights
Innovex CEO’s Form 4 shows routine tax withholding on vested RSUs, not an open‑market sale.
The filing reports that 8,929 Innovex common shares were withheld at $24.79 each to cover tax obligations upon the release of restricted stock units. This is coded as an F transaction, which reflects payment of tax or exercise costs using shares rather than cash.
Because the shares were not sold into the market and simply settled a tax liability, the signal for outside investors is minimal. Anderson’s post-transaction direct holdings of 505,253 shares indicate he retains a substantial equity stake, supporting the view that this is routine compensation administration rather than a change in investment stance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 8,929 | $24.79 | $221K |
Footnotes (1)
- F1. The Shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations with the release of restricted stock units.
Key Figures
Key Terms
restricted stock units financial
tax withholding obligations financial
tax-withholding disposition financial
FAQ
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What did Innovex (INVX) CEO Adam Anderson report in this Form 4 filing?
What does transaction code "F" mean in the Innovex (INVX) CEO’s Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.