Lincoln Electric (LECO) executive logs tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lincoln Electric Holdings executive reports tax-related share disposition
Michael J. Whitehead, SVP and President, Americas Welding at Lincoln Electric Holdings Inc., reported a Form 4 transaction involving company common shares. On the reported date, 194 common shares were disposed of at a price of $293.68 per share to satisfy tax withholding obligations, as indicated by transaction code "F" for a tax-withholding disposition.
After this transaction, Whitehead directly owned 8,983 common shares. This type of transaction reflects shares withheld to cover taxes rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Whitehead Michael J
Role
SVP, PRESIDENT, AMERICAS WELD
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 194 | $293.68 | $57K |
Holdings After Transaction:
Common Shares — 8,983 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Lincoln Electric (LECO) report for Michael J. Whitehead?
Lincoln Electric reported that executive Michael J. Whitehead disposed of 194 common shares. The transaction was coded as a tax-withholding disposition, meaning shares were withheld to cover tax obligations rather than sold in an open-market trade.
Was the Lincoln Electric (LECO) insider transaction a buy or sell in the open market?
The transaction was not an open-market buy or sell. It was coded as "F," indicating a tax-withholding disposition where 194 shares were delivered to cover tax liabilities associated with equity awards, rather than traded on the open market.
Who is the insider involved in the recent Lincoln Electric (LECO) Form 4 filing?
The insider is Michael J. Whitehead, Senior Vice President and President, Americas Welding at Lincoln Electric Holdings Inc. He reported a tax-withholding disposition of 194 common shares while retaining direct ownership of 8,983 shares after the transaction.