Life360 CFO has shares withheld for RSU taxes
Life360, Inc. Chief Financial Officer Russell John Burke reported a routine tax-withholding share disposition related to vesting restricted stock units.
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Rhea-AI Filing Summary
Life360, Inc. Chief Financial Officer Russell John Burke reported a routine tax-withholding share disposition related to vesting restricted stock units. On this date, 2,193 shares of common stock were withheld by the company at $39.78 per share to cover income tax obligations, rather than sold in the open market.
Following this withholding, Burke directly holds 122,061 shares of Life360 common stock and indirectly holds 113,361 shares through the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust as tenants in common. His position also includes 118,188 restricted stock units, each representing a contingent right to receive one share upon vesting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common stock | 2,193 | $39.78 | $87K |
| 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 118,188 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
Key Figures
Key Terms
restricted stock units financial
tax withholding financial
net settlement financial
revocable trust financial
tenants in common financial
FAQ
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What insider transaction did Life360 (LIF) CFO Russell John Burke report?
What restricted stock units are disclosed for Life360 (LIF) CFO in this Form 4?
How should investors interpret an F-code tax-withholding transaction for Life360 (LIF)?
AI-generated analysis. How Rhea-AI works. Not financial advice.