IPG Photonics (NASDAQ: IPGP) SVP uses shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IPG Photonics senior vice president and general counsel Angelo P. Lopresti reported a tax-related share disposition under a Form 4. On this transaction, 3,848 shares of common stock were withheld to cover taxes on vested restricted stock units at a value of $131.57 per share. After this withholding, he directly holds 60,841 shares of IPG Photonics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lopresti Angelo P
Role
SVP, Secretary & Gen Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,848 | $131.57 | $506K |
Holdings After Transaction:
Common Stock — 60,841 shares (Direct)
Footnotes (1)
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FAQ
What did Angelo P. Lopresti report in the latest IPGP Form 4 filing?
Angelo P. Lopresti reported a tax-withholding disposition of 3,848 IPG Photonics common shares. The shares were withheld to satisfy taxes due on vested restricted stock units, rather than sold on the open market, and reflect routine equity compensation administration.
Was the IPGP Form 4 transaction a market sale by Angelo Lopresti?
No, the transaction was reported with code F as a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to cover taxes on vested restricted stock units, consistent with standard equity compensation practices for executives.
What does transaction code F mean in Angelo Lopresti’s IPGP Form 4?
Transaction code F indicates payment of a tax liability or exercise price by delivering or withholding securities. In this case, 3,848 shares of IPG Photonics common stock were withheld to cover taxes when restricted stock units vested, according to the filing footnote.