KBR (NYSE: KBR) executive has shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KBR, INC. executive Douglas S. Hill, President of Readiness & Sustainment, reported a small share disposition related to taxes rather than an open-market sale. On this transaction, 347 shares of common stock were withheld at $42.71 per share to cover withholding taxes due upon vesting of equity awards. After this tax-withholding disposition, Hill directly holds 5,316 shares of KBR common stock. This type of transaction is administrative and reflects tax obligations tied to compensation, not a discretionary trade in the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hill Douglas S
Role
Pres., Readiness & Sustainment
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 347 | $42.71 | $15K |
Holdings After Transaction:
Common Stock — 5,316 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did KBR (KBR) report for Douglas S. Hill?
KBR reported that executive Douglas S. Hill had 347 shares withheld to cover taxes on vested equity. The shares were valued at $42.71 each and represent tax withholding, not an open-market stock sale, leaving him with 5,316 shares directly held.
Was the KBR (KBR) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 347 KBR shares were withheld to pay withholding taxes due upon vesting of equity awards, a routine administrative step tied to compensation, rather than a discretionary sale initiated by the executive.
What does transaction code F mean in the KBR (KBR) insider report?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this KBR filing, it reflects 347 shares withheld from Douglas S. Hill to cover withholding taxes owed when his equity awards vested, not a voluntary stock sale.