Tax withholding moves 5,800 Life360 (LIF) shares as CFO units vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Life360, Inc. Chief Financial Officer Russell John Burke reported a routine equity compensation event. On the vesting and net settlement of previously granted restricted stock units, 5,800 shares of common stock were withheld by the company to satisfy income tax withholding and remittance obligations, and this is explicitly not a sale by the executive.
Following this tax-withholding disposition, Burke holds 78,857 shares of common stock directly and 91,077 shares indirectly through the Russell John Burke Revocable Trust. These indirect holdings include 56,573 restricted stock units, each representing a contingent right to receive one share of Life360 common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Burke Russell John
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 5,800 | $44.91 | $260K |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 78,857 shares (Direct);
Common stock — 91,077 shares (Indirect, Held by the Russell John Burke Revocable Trust)
Footnotes (1)
- This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units. Includes 56,573 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
FAQ
What insider transaction did Life360 (LIF) disclose for its CFO?
Life360 reported that CFO Russell John Burke had 5,800 common shares withheld to cover income tax obligations on vested restricted stock units. This tax-withholding disposition is not an open-market sale of shares by the executive.
Was the Life360 (LIF) CFO’s Form 4 transaction an actual stock sale?
No, the filing states the transaction is not a sale. The 5,800 shares of Life360 common stock were withheld by the company solely to satisfy income tax withholding and remittance obligations tied to vesting restricted stock units.
What restricted stock units does the Life360 (LIF) CFO still have?
The filing notes that Burke’s indirect holdings include 56,573 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Life360 common stock if and when the unit vests in the future.