[Form 4] Korn Ferry Insider Trading Activity
Rhea-AI Filing Summary
Jeanne MacDonald, an officer and director of Korn Ferry (KFY), reported a transaction dated 09/05/2025 in which 506 shares of Korn Ferry common stock were disposed of at $73.23 per share. The filing states this sale represents a reduction in shares to satisfy the issuer's tax withholding obligations arising from the vesting on that date of 995 restricted shares held by the reporting person. After the transaction, the reporting person beneficially owned 33,375 shares directly. The Form 4 was signed by an attorney-in-fact, Jonathan Kuai, on 09/08/2025.
Positive
- Compliance with reporting rules: Form 4 filed and signed, showing timely disclosure of insider activity
- Transaction explained: Filing specifies the sale was to satisfy tax withholding from restricted stock vesting
Negative
- Reduction in direct holdings: 506 shares were disposed of, lowering the reporting person's direct position
Insights
TL;DR: Routine insider share reduction to satisfy tax withholding; transaction size is small relative to typical market-moving events.
The reported disposal of 506 shares at $73.23 per share is described explicitly as a tax-withholding action tied to the vesting of 995 restricted shares. This is a common, non-discretionary event that reflects compensation mechanics rather than a voluntary open-market sale for cash needs. The remaining direct beneficial ownership of 33,375 shares provides context that the reporting person retains a meaningful stake in absolute terms, though no percentage of outstanding shares is disclosed in the filing.
TL;DR: Filing shows compliance with Section 16 disclosure; transaction indicates standard equity compensation settlement.
The Form 4 clearly states the nature of the disposal as satisfying tax withholding obligations for restricted stock vesting. The timely disclosure (form filed by one reporting person and signed by an attorney-in-fact) demonstrates adherence to insider reporting requirements. There are no indications of policy breaches, unusual trading codes, or coordinated group activity in the document.