KinderCare (KLC) CFO has shares withheld for taxes on RSU vesting
Rhea-AI Filing Summary
KinderCare Learning Companies, Inc. Chief Financial Officer Anthony Michael Amandi reported a tax-related share disposition. On the vesting of restricted stock units, 611 shares of common stock were withheld by the company at $3.72 per share to cover tax withholding obligations. After this tax-withholding disposition, he directly holds 345,071 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 611 shares
Net Sell
1 txn
Insider
Amandi Anthony Michael
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 611 | $3.72 | $2K |
Holdings After Transaction:
Common Stock — 345,071 shares (Direct)
Footnotes (1)
- F1. Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did KinderCare (KLC) CFO Anthony Michael Amandi report in this Form 4?
He reported a tax-withholding disposition of 611 KinderCare shares. The company withheld these shares when his restricted stock units vested to cover tax obligations, rather than him selling shares in the open market.
What does transaction code F mean in the KinderCare (KLC) Form 4?
Transaction code F indicates payment of tax liability or exercise price using company stock. Here, KinderCare withheld 611 shares when restricted stock units vested to cover the CFO’s tax obligations, instead of him paying the taxes in cash.