KBR (NYSE: KBR) CFO sees 314 shares withheld to cover 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 a small share disposition tied to equity compensation. On the transaction date, 314 shares of common stock were withheld at $42.23 per share to cover tax obligations upon vesting, rather than being sold on the open market. After this tax-withholding disposition, Evans directly held a total of 27,326.46 KBR common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Evans Shad E.
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 314 | $42.23 | $13K |
Holdings After Transaction:
Common Stock — 27,326.46 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did KBR (KBR) report for executive Shad E. Evans?
KBR reported a tax-related share disposition for executive vice president and CFO Shad E. Evans. On the transaction date, 314 common shares were withheld to satisfy tax obligations upon vesting of equity awards, rather than being sold in an open-market transaction.
Was the KBR (KBR) Form 4 transaction an open-market sale by the CFO?
No, the transaction was not an open-market sale. The Form 4 and its footnote explain that 314 shares were withheld to pay withholding taxes due upon vesting of equity awards, which differs from voluntarily selling shares on the stock market.
What does transaction code F mean in the KBR (KBR) Form 4 for Shad E. Evans?
Transaction code F indicates a tax-withholding disposition. In this case, it reflects that shares of KBR common stock were delivered or withheld to satisfy tax liabilities triggered by vesting of equity compensation, rather than representing an ordinary market purchase or sale.