Innovative Solutions & Support (ISSC) CFO logs tax-share withholding
Rhea-AI Filing Summary
Innovative Solutions & Support, Inc. reported an internal share withholding involving its Chief Financial Officer, Jeffrey DiGiovanni. On 01/13/2026, 868 shares of common stock were withheld by the company to cover his tax obligations that arose when restricted stock units vested, at a reference price of $18.80 per share. After this tax-related transaction, DiGiovanni beneficially owned 82,750 shares of common stock, held directly. The event reflects routine equity compensation and associated tax settlement rather than an open-market sale.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did ISSC report for its CFO Jeffrey DiGiovanni?
The Chief Financial Officer, Jeffrey DiGiovanni, had 868 shares of common stock withheld by Innovative Solutions & Support, Inc. to cover tax obligations related to the vesting of restricted stock units on 01/13/2026.
Was the ISSC CFO’s Form 4 transaction an open-market sale?
No. The 868 shares of Innovative Solutions & Support common stock were withheld by the issuer to satisfy the CFO’s tax obligations tied to vesting restricted stock units, rather than sold in the open market.
How many ISSC shares does the CFO own after this reported transaction?
Following the tax withholding transaction, CFO Jeffrey DiGiovanni beneficially owned 82,750 shares of Innovative Solutions & Support common stock, held directly.
What was the price used for the ISSC shares withheld for taxes?
The 868 shares of Innovative Solutions & Support common stock withheld for the CFO’s tax obligations were valued at $18.80 per share for this transaction.
What role does Jeffrey DiGiovanni hold at Innovative Solutions & Support (ISSC)?
Jeffrey DiGiovanni serves as the Chief Financial Officer of Innovative Solutions & Support, Inc., as indicated in the insider ownership report.
Why were restricted stock units mentioned in the ISSC insider report?
The report explains that the 868 withheld shares were used to satisfy the CFO’s tax obligations that arose in connection with the vesting of restricted stock units, which are a form of equity compensation.