KBR (NYSE: KBR) EVP uses 1,439 shares to cover vesting tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KBR, INC. executive Sonia Galindo, EVP, General Counsel & Corporate Secretary, reported a Form 4 transaction involving a tax-related share disposition. She disposed of 1,439 shares of common stock at $42.71 per share to cover withholding taxes due upon vesting of equity awards. Following this tax-withholding disposition, she holds 30,090.023 shares of KBR common stock in direct ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GALINDO SONIA
Role
EVP, Gen. Counsel & Corp. Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,439 | $42.71 | $61K |
Holdings After Transaction:
Common Stock — 30,090.023 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did KBR (KBR) executive Sonia Galindo report?
Sonia Galindo reported a tax-withholding disposition of 1,439 KBR common shares. The shares were withheld to satisfy tax obligations triggered by vesting of equity awards, rather than an open-market sale, and are recorded as a Form 4 non-derivative transaction.
Was the KBR (KBR) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. It was a tax-withholding disposition, where 1,439 shares were withheld to pay taxes upon vesting of equity awards, as described by transaction code F and the accompanying footnote.
What does transaction code F mean in the KBR (KBR) Form 4?
Transaction code F indicates shares used to pay an exercise price or tax liability. In this case, the Form 4 notes that 1,439 shares were withheld to cover withholding taxes due upon vesting of equity awards, rather than being voluntarily sold in the market.