Laureate (NASDAQ: LAUR) VP reports 1,124-share tax withholding on equity
Rhea-AI Filing Summary
LAUREATE EDUCATION, INC. vice president and global controller Gerard M. Knauer reported a routine tax-related share disposition. The company withheld 1,124 shares of common stock at $34.26 per share to cover his tax obligations when previously granted performance share units vested.
After this withholding, Knauer directly holds 21,851 shares of Laureate common stock. This event reflects tax withholding on equity compensation rather than an open-market sale or a change in his investment stance toward the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,124 shares
Net Sell
1 txn
Insider
Knauer Gerard M.
Role
VP, ACCTG, GLOBAL CONTROLLER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,124 | $34.26 | $39K |
Holdings After Transaction:
Common Stock — 21,851 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of performance share units previously reported as shares of Common Stock in Table I.
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FAQ
What did LAUR executive Gerard M. Knauer report in this Form 4 filing?
Gerard M. Knauer reported that 1,124 shares of Laureate Education common stock were withheld to pay taxes. The withholding occurred when previously granted performance share units vested, and it was handled directly by the company as part of standard equity compensation administration.
What is Gerard M. Knauer’s role at Laureate Education (LAUR)?
Gerard M. Knauer is an officer of Laureate Education, serving as vice president, accounting, and global controller. His position makes him a reporting person for insider transactions, which is why this tax-withholding equity event appears on a Form 4 filing.
What does transaction code "F" mean in the LAUR Form 4 filing?
Transaction code “F” indicates shares were disposed of to pay an exercise price or tax liability. In this Laureate Education Form 4, it denotes that shares were withheld by the issuer to meet Gerard M. Knauer’s tax obligations related to performance share unit vesting.