Innospec (IOSP) HR SVP has 401 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Innospec Inc. senior vice president of human resources Hardy Louis Griffin III reported a small insider transaction related to equity compensation. On vesting of a restricted stock unit award, 401 shares of common stock were automatically withheld at $78.34 per share to cover income tax obligations, rather than being an open‑market trade. After this tax-withholding disposition, Griffin directly owned 10,161 common shares, reflecting his remaining equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GRIFFIN HARDY LOUIS III
Role
SVP, HUMAN RESOURCES
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 401 | $78.34 | $31K |
Holdings After Transaction:
Common Stock — 10,161 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Innospec (IOSP) report for Hardy Louis Griffin III?
Innospec reported a tax-related insider transaction where Hardy Louis Griffin III had 401 common shares withheld. These shares were automatically used to cover income tax from a restricted stock unit vesting, rather than being sold in the open market.
Was the Innospec (IOSP) Form 4 transaction an open-market sale?
No, the Form 4 for Innospec shows a tax-withholding disposition, not an open-market sale. Shares were withheld upon restricted stock unit vesting to satisfy income tax liability, a common administrative feature of equity compensation programs.
What does transaction code “F” mean in the Innospec (IOSP) Form 4?
Transaction code “F” indicates payment of an exercise price or tax liability by delivering or withholding securities. In this Innospec filing, it reflects shares withheld from a restricted stock unit vesting to settle the insider’s income tax obligation.