Liberty Energy (LBRT) CEO amends Form 4 to fix share tax withholding figures
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Liberty Energy Inc. CEO and President Ron Gusek filed an amended insider report to correct a prior Form 4. The amendment updates that 71,676 shares of Class A Common Stock were withheld at $27.92 per share to cover tax obligations, rather than sold in the market. After this correction, he directly holds 1,043,702 shares of Liberty Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gusek Ron
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 71,676 | $27.92 | $2.00M |
Holdings After Transaction:
Class A Common Stock — 1,043,702 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 71,676 shares
Withholding reference price: $27.92 per share
Shares owned after transaction: 1,043,702 shares
3 metrics
Shares withheld for taxes
71,676 shares
Class A Common Stock withheld to satisfy tax obligations
Withholding reference price
$27.92 per share
Price used for tax-withholding disposition of shares
Shares owned after transaction
1,043,702 shares
Direct Liberty Energy holdings after corrected withholding
Key Terms
tax withholding obligations, clerical error, beneficially owned
3 terms
tax withholding obligations financial
"shares of common stock previously withheld to satisfy tax withholding obligations"
clerical error other
"which were originally understated due to a clerical error"
beneficially owned financial
"number of shares of common stock beneficially owned by the Reporting person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What does Liberty Energy (LBRT) CEO Ron Gusek’s Form 4/A amendment report?
The Form 4/A shows Ron Gusek corrected an earlier insider filing. It now states 71,676 Liberty Energy shares were withheld for taxes at $27.92 each, and confirms he directly holds 1,043,702 shares after the withholding.
Why was Liberty Energy (LBRT) CEO Ron Gusek’s original Form 4 amended?
The amendment corrects a clerical error in the original Form 4. It revises both the number of shares withheld to satisfy tax obligations and the resulting number of Liberty Energy shares beneficially owned afterward.