ISSC (ISSC) CFO DiGiovanni has 910 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INNOVATIVE SOLUTIONS & SUPPORT INC Chief Financial Officer Jeffrey DiGiovanni reported a tax-related share disposition. On this Form 4, 910 shares of common stock were withheld at $18.00 per share to cover his tax obligations arising from the vesting of restricted stock units, rather than being sold in the open market. After this withholding, he directly holds 86,987 shares of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DiGiovanni Jeffrey
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 910 | $18.00 | $16K |
Holdings After Transaction:
Common Stock — 86,987 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 910 shares
Withholding price: $18.00 per share
Shares held after transaction: 86,987 shares
3 metrics
Shares withheld for taxes
910 shares
Tax-withholding disposition on common stock
Withholding price
$18.00 per share
Price used to satisfy tax obligations
Shares held after transaction
86,987 shares
Direct common stock holdings post-withholding
Key Terms
restricted stock units, tax-withholding disposition, Common Stock, Payment of exercise price or tax liability by delivering securities
4 terms
restricted stock units financial
"tax obligations in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transaction did ISSC CFO Jeffrey DiGiovanni report on this Form 4?
Jeffrey DiGiovanni reported a tax-related disposition of 910 ISSC common shares. The shares were withheld by the company at $18.00 per share to satisfy his tax obligations from vesting restricted stock units, not sold in an open-market transaction.
What does transaction code F mean in Jeffrey DiGiovanni’s ISSC Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this filing, 910 ISSC shares were withheld by the issuer at $18.00 per share to satisfy DiGiovanni’s tax obligations from restricted stock unit vesting.
Does this ISSC Form 4 show any open-market buying or selling by the CFO?
This Form 4 does not show open-market buying or selling by the CFO. It reports only a tax-withholding disposition, where 910 shares were withheld by the issuer to cover tax obligations tied to vesting restricted stock units.