Innovative Solutions & Support (ISSC) CEO reports RSU tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INNOVATIVE SOLUTIONS & SUPPORT INC Chief Executive Officer Shahram Askarpour reported a tax-related share disposition tied to equity compensation. On this Form 4, 2,876 shares of common stock were withheld by the company at $24.32 per share to satisfy his tax obligations upon vesting of restricted stock units.
After this withholding, Askarpour’s directly held common stock position stands at 495,941 shares. This transaction reflects an automatic tax-withholding mechanism rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Askarpour Shahram
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,876 | $24.32 | $70K |
Holdings After Transaction:
Common Stock — 495,941 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did ISSC CEO Shahram Askarpour report?
ISSC CEO Shahram Askarpour reported a tax-related share disposition. The company withheld 2,876 common shares to cover his tax obligations when restricted stock units vested, rather than executing an open-market sale of those shares.
What does transaction code F mean in the ISSC Form 4 filing?
Transaction code F indicates shares used to pay exercise price or tax liability. In this ISSC filing, 2,876 shares were withheld by the issuer to satisfy the CEO’s tax obligations when his restricted stock units vested, rather than being sold on the market.