LandBridge executive shares withheld for RSU taxes
LandBridge Co LLC executive McNeely Scott Lloyd had shares withheld to cover taxes on equity compensation.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A shares | 12,188 | $72.30 | $881K |
Footnotes (1)
- F1. In connection with the vesting and settlement of restricted share units ("RSUs") through the issuance of Class A shares of LandBridge Company LLC (the "Issuer") pursuant to the LandBridge Company LLC Long-Term Incentive Plan, the Issuer withheld Class A shares that would otherwise have been issued to the Reporting Person to satisfy their tax withholding obligations.
Key Figures
Key Terms
Long-Term Incentive Plan financial
tax withholding obligations financial
tax-withholding disposition financial
FAQ
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What insider transaction did LandBridge (LB) report in this Form 4?
Was the LandBridge (LB) insider transaction an open-market sale?
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