LandBridge (NYSE: LB) withholds 12,188 RSU shares for executive taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LandBridge Co LLC executive McNeely Scott Lloyd had shares withheld to cover taxes on equity compensation. In connection with the vesting and settlement of restricted share units under the LandBridge Company LLC Long-Term Incentive Plan, the company withheld 12,188 Class A shares that otherwise would have been issued, at a value of $72.30 per share. After this tax-withholding disposition, Lloyd directly holds 69,088 Class A shares. This was not an open-market sale, but a routine mechanism to satisfy tax withholding obligations tied to RSU vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McNeely Scott Lloyd
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A shares | 12,188 | $72.30 | $881K |
Holdings After Transaction:
Class A shares — 69,088 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 12,188 shares
Withholding share value: $72.30 per share
Shares held after transaction: 69,088 shares
+1 more
4 metrics
Shares withheld for taxes
12,188 shares
Tax-withholding disposition on RSU vesting
Withholding share value
$72.30 per share
Value used for 12,188 withheld Class A shares
Shares held after transaction
69,088 shares
Direct Class A holdings after tax withholding
Tax-withholding shares count
12,188 shares
Form 4 transactionSummary taxWithholdingShares
Key Terms
restricted share units ("RSUs"), Long-Term Incentive Plan, tax withholding obligations, tax-withholding disposition
4 terms
Long-Term Incentive Plan financial
"...pursuant to the LandBridge Company LLC Long-Term Incentive Plan, the Issuer withheld Class A shares..."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
tax withholding obligations financial
"...withheld Class A shares that would otherwise have been issued to the Reporting Person to satisfy their tax withholding obligations."
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the 12,188 Class A shares."
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 LandBridge (LB) report in this Form 4?
LandBridge reported that executive McNeely Scott Lloyd had 12,188 Class A shares withheld. These shares covered tax obligations related to vesting restricted share units, rather than being sold in the open market.
Was the LandBridge (LB) insider transaction an open-market sale?
No, the transaction was not an open-market sale. LandBridge withheld 12,188 Class A shares to satisfy McNeely Scott Lloyd’s tax withholding obligations upon RSU vesting under the company’s long-term incentive plan.