KBR (NYSE: KBR) CFO gets performance stock and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KBR, INC. executive vice president and chief financial officer Shad E. Evans reported stock-based compensation activity involving company common stock. On this date, he acquired 889 shares at no cost through the achievement of a total stockholder return performance metric tied to a 2023 long-term performance cash and stock award. In a separate tax-related move, 395 shares were withheld at a price of $42.04 per share to cover withholding taxes due upon vesting. After these transactions, Evans directly owned a total of 27,640.46 KBR common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Evans Shad E.
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 889 | $0.00 | -- |
| Tax Withholding | Common Stock | 395 | $42.04 | $17K |
Holdings After Transaction:
Common Stock — 28,035.46 shares (Direct)
Footnotes (1)
- Represents stock acquired as a result of the achievement of the total stockholder return performance metric of the KBR Long-Term Performance Cash and Stock Award granted in 2023. Represents shares withheld to pay withholding taxes due upon vesting.
FAQ
What did KBR (KBR) CFO Shad E. Evans report in this Form 4?
KBR CFO Shad E. Evans reported a stock-based compensation event involving common shares. He received a performance-based stock award and had some shares withheld to cover tax obligations upon vesting, leaving him with directly owned KBR common stock afterward.
What type of performance metric triggered the KBR CFO’s stock award?
The stock award was triggered by achievement of a total stockholder return performance metric. This metric relates to the KBR Long-Term Performance Cash and Stock Award granted in 2023, linking executive compensation to shareholder return performance over the measurement period.
Were the KBR CFO’s transactions open-market buys or sells?
The reported transactions were not open-market trades. One entry is a grant or award acquisition at no cost, and the other is a tax-withholding disposition where shares were withheld to cover taxes due upon vesting of the performance-based award.