Life360 CFO reports tax-withholding share disposition
Life360, Inc.'s Chief Financial Officer, Russell John Burke, reported a routine tax-withholding share disposition tied to restricted stock unit vesting.
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.'s Chief Financial Officer, Russell John Burke, reported a routine tax-withholding share disposition tied to restricted stock unit vesting. On this Form 4, 6,087 shares of common stock were withheld by the company at $45.37 per share to cover income tax obligations related to previously reported RSUs, and were not sold in the market.
After this withholding, Burke directly holds 115,974 shares of Life360 common stock and also has 113,361 shares held indirectly through the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust ELD as tenants in common. The filing also notes 106,291 restricted stock units outstanding, each representing a right to receive one share upon vesting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common stock | 6,087 | $45.37 | $276K |
| 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 ("RSUs").
- F2. Includes 106,291 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
income tax withholding financial
net settlement financial
indirect ownership financial
tenants in common financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Life360 (LIF) CFO Russell John Burke report in this Form 4?
Was the Life360 (LIF) CFO’s Form 4 transaction an actual stock sale?
What restricted stock units (RSUs) are disclosed for Life360 (LIF) CFO in this filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.