IZEA CEO vests RSUs, surrenders shares for tax
IZEA Worldwide, Inc. Chief Executive Officer Patrick James Venetucci reported the vesting and settlement of 30,650 Restricted Stock Units, each converting into one share of common stock.
Rhea-AI Filing Summary
IZEA Worldwide, Inc. Chief Executive Officer Patrick James Venetucci reported the vesting and settlement of 30,650 Restricted Stock Units, each converting into one share of common stock. In connection with this vesting, 13,072 common shares were surrendered to the issuer at $3.46 per share to satisfy tax withholding obligations. Following the RSU transaction, he held 245,200 Restricted Stock Units issued under the company’s 2011 Equity Incentive Plan, which vest in 16 equal quarterly installments commencing October 31, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,650 shares exercised/converted
Exercise
3 txns
Insider
Venetucci Patrick James
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 30,650 | $0.00 | $0.00 |
| Exercise | Common Stock | 30,650 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 13,072 | $3.46 | $45K |
Holdings After Transaction:
Restricted Stock Units — 245,200 contracts (Direct);
Common Stock — 360,260 shares (Direct)
Footnotes (3)
- F1. Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon vesting of the Restricted Stock Units
- F2. Each Restricted Stock Unit represents a contingent right to receive at settlement one share of Issuer common stock.
- F3. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on September 9, 2024 and vest quarterly in 16 equal quarterly installments commencing October 31, 2024.
Key Figures
RSUs vested and converted: 30,650 units
Shares surrendered for taxes: 13,072 shares
Tax withholding share price: $3.46 per share
+2 more
5 metrics
RSUs vested and converted
30,650 units
Restricted Stock Units converting into common stock on 2026-07-31
Shares surrendered for taxes
13,072 shares
Common shares surrendered to issuer to satisfy tax withholding obligations
Tax withholding share price
$3.46 per share
Value used for shares surrendered to cover tax withholding
RSUs held after transaction
245,200 units
Restricted Stock Units remaining after reported vesting event
Quarterly vesting installments
16 installments
RSUs vest quarterly in 16 equal installments commencing October 31, 2024
Key Terms
Restricted Stock Units, tax withholding obligations, 2011 Equity Incentive Plan, contingent right to receive
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive at settlement one share"
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 obligations financial
"Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon vesting"
2011 Equity Incentive Plan financial
"These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan"
contingent right to receive financial
"Each Restricted Stock Unit represents a contingent right to receive at settlement one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did IZEA (IZEA) report for CEO Patrick Venetucci?
CEO Patrick James Venetucci reported the vesting of 30,650 Restricted Stock Units that converted into an equal number of common shares. A portion of these shares was then surrendered back to IZEA to cover tax withholding obligations tied to the vesting event.
How many IZEA (IZEA) Restricted Stock Units vested for the CEO and into what did they convert?
A total of 30,650 Restricted Stock Units vested for CEO Patrick Venetucci, each representing a contingent right to receive one share of common stock. Upon settlement, they converted into 30,650 shares of IZEA common stock on the reported vesting date.
What RSU holdings does the IZEA (IZEA) CEO report after this transaction?
After the reported vesting, Patrick Venetucci held 245,200 Restricted Stock Units. These RSUs were issued under IZEA’s 2011 Equity Incentive Plan and are scheduled to vest in 16 equal quarterly installments beginning October 31, 2024.
Under which plan were the IZEA (IZEA) CEO’s Restricted Stock Units granted and how do they vest?
The CEO’s Restricted Stock Units were granted under IZEA’s 2011 Equity Incentive Plan. According to the disclosure, they were issued on September 9, 2024 and vest quarterly in 16 equal installments, commencing on October 31, 2024, over the multi-year schedule.
Was the IZEA (IZEA) CEO’s reported transaction part of a 10b5-1 trading plan?
The report indicates the Rule 10b5-1 checkbox was not affirmed, and there is no footnote stating that the transactions occurred under a pre-arranged trading plan. The activity reflects RSU vesting and related tax withholding, rather than an automatic trading program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
