JBT Marel (JBTM) EVP uses 409 shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JBT MAREL Corp executive James C. Pelletier, EVP & General Counsel, reported a routine tax-related share disposition. On this Form 4, 409 shares of Common Stock were delivered at $145.00 per share to satisfy tax obligations, classified as a tax-withholding disposition rather than an open-market sale.
Following this transaction, Pelletier directly holds 3,392 shares of JBT MAREL Corp Common Stock. The filing reflects a small, mechanical adjustment to his equity position tied to compensation-related taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pelletier James C
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 409 | $145.00 | $59K |
Holdings After Transaction:
Common Stock — 3,392 shares (Direct)
Footnotes (1)
Key Figures
Shares used for tax withholding: 409 shares
Per-share value: $145.00 per share
Shares held after transaction: 3,392 shares
+1 more
4 metrics
Shares used for tax withholding
409 shares
Tax-withholding disposition of Common Stock
Per-share value
$145.00 per share
Value used for tax-liability payment
Shares held after transaction
3,392 shares
Direct Common Stock holdings post-transaction
Transaction type
Tax-withholding disposition (Code F)
Payment of tax liability by delivering securities
Key Terms
tax-withholding disposition, Common Stock, Payment of exercise price or tax liability by delivering securities, Form 4
4 terms
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""
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did JBTM executive James C. Pelletier report?
James C. Pelletier reported a tax-withholding disposition of 409 JBTM shares. The Common Stock was delivered to cover tax obligations, not sold on the open market, and reflects a routine compensation-related adjustment to his holdings.
What does transaction code F mean in the JBTM Form 4 filing?
Transaction code F indicates a payment of tax liability or exercise price by delivering securities. In this JBTM Form 4, it shows shares were used to cover taxes related to equity compensation, not a discretionary sale.