Korn Ferry (NYSE: KFY) officer gains stock from awards and covers taxes with shares
Rhea-AI Filing Summary
Korn Ferry officer Michael Distefano reported equity compensation and related tax-withholding transactions in the company’s common stock. He received 16,750 shares of restricted stock on July 10, 2026, vesting in four equal annual installments starting July 10, 2027, as compensation for services. On July 13, 2026, he acquired 35,770 shares upon settlement of Relative TSR performance units granted on July 11, 2023, after the performance criteria were satisfied. To satisfy related tax withholding obligations, 18,200 and 5,926 shares were reduced from his holdings in connection with the performance unit settlement and restricted stock vesting. Following these events, he directly owns 107,348 Korn Ferry shares, including 557 shares previously purchased through the Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 35,770 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 18,200 | $75.39 | $1.37M |
| Tax Withholding | Common Stock, par value $0.01 per share | 5,926 | $75.39 | $447K |
| Grant/Award | Common Stock, par value $0.01 per share | 16,750 | $0.00 | -- |
Footnotes (1)
- Represents restricted stock that vests in four equal annual installments commencing on July 10, 2027. Granted as compensation for services. Includes 557 shares previously acquired by the Reporting Person (but not reflected in prior Form 4s) under the Korn Ferry Employee Stock Purchase Plan. Acquired upon the settlement of Relative TSR performance units granted on July 11, 2023 under the Korn Ferry 2022 Stock Incentive Plan as a result of the satisfaction of the performance criteria underlying the award. Represents a reduction in shares to satisfy the tax withholding obligations of the Issuer with respect to the settlement, on July 13, 2026, of 35,770 Relative TSR performance units described in footnote (4) above. Represents a reduction in shares to satisfy the tax withholding obligations of the Issuer with respect to the vesting, on July 13, 2026, of 11,642 shares of restricted stock held by the Reporting Person.
Key Figures
Key Terms
restricted stock financial
Relative TSR performance units financial
tax withholding obligations financial
Employee Stock Purchase Plan financial
Korn Ferry 2022 Stock Incentive Plan financial
AI-generated analysis. How Rhea-AI works. Not financial advice.