Life360 CFO reports tax-withholding share disposition
Life360, Inc. Chief Financial Officer Russell John Burke reported a routine equity compensation event.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common stock | 5,800 | $44.91 | $260K |
| Holding | Common stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Life360 (LIF) disclose for its CFO?
Was the Life360 (LIF) CFO’s Form 4 transaction an actual stock sale?
What restricted stock units does the Life360 (LIF) CFO still have?
AI-generated analysis. How Rhea-AI works. Not financial advice.