Kodiak Gas Services (KGS) CIO has shares withheld to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kodiak Gas Services, Inc. Chief Information Officer Pedro R. Buhigas reported a tax-related share disposition. The issuer withheld 2,378 shares of Common Stock to cover tax withholding obligations tied to the vesting of restricted shares. After this withholding, Buhigas directly owns 36,076 shares of Kodiak Gas Services Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Buhigas Pedro R.
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,378 | $66.23 | $157K |
Holdings After Transaction:
Common Stock — 36,076 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 2,378 shares
Reference price per share: $66.23 per share
Shares owned after transaction: 36,076 shares
+1 more
4 metrics
Shares withheld for taxes
2,378 shares
Tax withholding on vesting of restricted shares
Reference price per share
$66.23 per share
Value used for tax-withholding disposition
Shares owned after transaction
36,076 shares
Direct holdings after tax withholding
Tax-withholding shares count
2,378 shares
Reported in transactionSummary as taxWithholdingShares
Key Terms
Form 4, Common Stock, tax withholding obligations, restricted shares, +1 more
5 terms
Form 4 regulatory
"Please analyze the following financial content according to the instructions above."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
tax withholding obligations financial
"Issuer withheld shares to satisfy the tax withholding obligations associated"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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 did Kodiak Gas Services (KGS) executive Pedro R. Buhigas report in this Form 4?
Pedro R. Buhigas reported that Kodiak Gas Services withheld 2,378 Common Stock shares to cover taxes on vested restricted shares. This is a tax-withholding disposition, not an open-market sale, and he continues to hold 36,076 shares afterward.
What transaction code is used in the Kodiak Gas Services (KGS) Form 4 for this event?
The transaction is reported with code F, meaning securities were delivered to satisfy a tax liability or exercise price. Here, Kodiak Gas Services withheld 2,378 shares of Common Stock to cover tax obligations from restricted shares vesting.