Kodiak Gas (NYSE: KGS) CEO has 9,838 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kodiak Gas Services, Inc. President & CEO Robert Michael McKee reported a routine tax-withholding share disposition. The company withheld 9,838 shares of Common Stock at $66.23 per share to satisfy tax obligations tied to vesting restricted shares, not an open-market sale.
After this event, McKee holds 304,597 shares of Common Stock directly. He also has 16,180 shares held indirectly through StarMac Investments, Ltd., and his current position includes 710 shares acquired since his last insider report through the company’s Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McKee Robert Michael
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| Tax Withholding | Common Stock | 9,838 | $66.23 | $652K |
Holdings After Transaction:
Common Stock — 16,180 shares (Indirect, By StarMac Investments, Ltd.);
Common Stock — 304,597 shares (Direct, null)
Footnotes (1)
- Issuer withheld shares to satisfy the tax withholding obligations associated with the vesting of restricted shares. Includes 710 shares of Common Stock acquired since the Reporting Person's last Form 4 through participation in the Issuer's Employee Stock Purchase Plan.
Key Figures
Tax-withheld shares: 9,838 shares
Withholding price: $66.23 per share
Direct holdings after transaction: 304,597 shares
+2 more
5 metrics
Tax-withheld shares
9,838 shares
Common Stock withheld to satisfy tax obligations on vesting restricted shares
Withholding price
$66.23 per share
Price applied to the 9,838 tax-withheld shares of Common Stock
Direct holdings after transaction
304,597 shares
Common Stock directly held by Robert McKee following the tax withholding
Indirect holdings via StarMac
16,180 shares
Common Stock indirectly owned through StarMac Investments, Ltd.
Shares via ESPP
710 shares
Common Stock acquired since last report through Employee Stock Purchase Plan
Key Terms
restricted shares, Employee Stock Purchase Plan, tax withholding obligations, indirect ownership, +1 more
5 terms
Employee Stock Purchase Plan financial
"Includes 710 shares of Common Stock acquired since the Reporting Person's last Form 4 through participation in the Issuer's Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax withholding obligations financial
"Issuer withheld shares to satisfy the tax withholding obligations associated with the vesting of restricted shares."
indirect ownership financial
"Common Stock, total shares following transaction 16180.0000, indirect, nature of ownership By StarMac Investments, Ltd."
tax-withholding disposition financial
"transaction_action tax-withholding disposition, transaction_code_description Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Kodiak Gas (KGS) CEO Robert McKee report?
Robert McKee reported a tax-withholding disposition of 9,838 Kodiak Gas common shares. The issuer withheld these shares at $66.23 each to cover tax obligations from vesting restricted stock, rather than McKee selling shares in the open market.
What does the F transaction code mean in the Kodiak Gas (KGS) Form 4?
The F code indicates a tax-withholding disposition. In this case, 9,838 shares of Kodiak Gas common stock were delivered back to the issuer to pay taxes related to vesting restricted shares, rather than being voluntarily sold in the open market.
What is the significance of StarMac Investments, Ltd. in Kodiak Gas (KGS) CEO’s holdings?
StarMac Investments, Ltd. holds 16,180 shares of Kodiak Gas common stock indirectly for Robert McKee. The filing lists these shares as indirectly owned, separate from his 304,597 directly held shares, clarifying how his total economic interest is structured.