Independence Realty Trust (IRT) CAO reports tax-withholding stock disposition on Form 4
Rhea-AI Filing Summary
Independence Realty Trust, Inc. Chief Accounting Officer Jason R. Delozier reported a Form 4 transaction involving a tax-related share disposition. On this Form 4, 1,393 shares of common stock were forfeited at a price of $16.57 per share to satisfy a tax withholding liability tied to the vesting of stock. Following this tax-withholding disposition, Delozier directly owned 55,981 shares of Independence Realty Trust common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,393 shares
Net Sell
1 txn
Insider
Delozier Jason R
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common stock | 1,393 | $16.57 | $23K |
Holdings After Transaction:
Common stock — 55,981 shares (Direct)
Footnotes (1)
- F1. This forfeiture was undertaken solely to satisfy a tax withholding liability related to the vesting of stock held by the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did IRT Chief Accounting Officer Jason R. Delozier report on this Form 4?
Jason R. Delozier reported a tax-related share disposition on this Form 4. He forfeited 1,393 shares of Independence Realty Trust common stock to cover tax withholding tied to vesting stock awards, rather than executing an open market sale.
Was Jason R. Delozier’s IRT Form 4 transaction an open market sale of stock?
No, the transaction was not an open market sale. The Form 4 and footnote explain that 1,393 shares were forfeited solely to satisfy a tax withholding liability arising from the vesting of stock already held by the reporting person.
What role does Jason R. Delozier hold at Independence Realty Trust (IRT)?
Jason R. Delozier serves as Chief Accounting Officer at Independence Realty Trust, Inc. This officer title is disclosed in the Form 4, which identifies him as the reporting person for the tax-related share forfeiture transaction in the company’s common stock.