Shares withheld for taxes on LINKBANCORP (LNKB) CEO stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LINKBANCORP, Inc. CEO and Vice Chairman Andrew S. Samuel reported routine tax-related share withholdings tied to restricted stock vesting. A total of 18,193 shares of common stock were withheld from his direct holdings and 103 shares from his daughter's direct holdings at $8.71 per share to cover tax obligations.
After these tax-withholding dispositions, Samuel directly holds 40,557 shares of common stock and retains significant derivative exposure through warrants and stock options on additional common shares. The filing also notes stock options and shares held by his daughter, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding on vesting, not an open‑market sale.
The Form 4 for LINKBANCORP shows CEO Andrew S. Samuel had 18,193 directly held shares and 103 shares held by his daughter withheld at $8.71 per share to satisfy tax obligations on restricted stock vesting. Code F transactions are mechanistic rather than discretionary sales.
Following these dispositions, he still directly owns 40,557 common shares and holds sizable derivative positions, including warrants on 907,240 shares and options on 40,000 shares at $10.00. The filing also clarifies that he disclaims beneficial ownership of his daughter's holdings, underscoring that much of the indirect exposure is not his economic position.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
SAMUEL ANDREW S
Role
CEO and Vice Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 18,193 | $8.71 | $158K |
| Tax Withholding | Common Stock | 103 | $8.71 | $897.13 |
| holding | Stock Options | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 40,557 shares (Direct, null);
Common Stock — 197 shares (Indirect, By Daughter Direct);
Stock Options — 40,000 shares (Direct, null);
Warrants — 907,240 shares (Direct, null);
Stock Options — 7,500 shares (Indirect, By Daughter)
Footnotes (1)
- The 18,193 and 103 shares of common stock disposed of represent a portion of the shares issued to the reporting person upon vesting of restricted stock. The shares disposed of were withheld to satisfy the reporting person's tax obligation. Mr. Samuel shares the same household as his daughter. Mr. Samuel disclaims beneficial ownership of shares held by his daughter. Stock options vest at a rate of 20% per year commencing on August 31, 2024. Mr. Samuel shares the same household as his daughter. Mr. Samuel disclaims beneficial ownership of stock options held by his daughter. Stock options vest at a rate of 20% per year commencing on May 23, 2025. Mr. Samuel shares the same household as his daughter. Mr. Samuel disclaims beneficial ownership of stock options held by his daughter.
Key Figures
Tax-withheld direct shares: 18,193 shares at $8.71
Tax-withheld daughter shares: 103 shares at $8.71
Direct common shares after transaction: 40,557 shares
+5 more
8 metrics
Tax-withheld direct shares
18,193 shares at $8.71
Common stock withheld to cover taxes on restricted stock vesting
Tax-withheld daughter shares
103 shares at $8.71
Common stock held by daughter, withheld for tax obligations
Direct common shares after transaction
40,557 shares
CEO’s direct common stock holdings following tax withholding
Warrants held
907,240 shares at $10.00
Warrants on common stock expiring January 3, 2029
Stock options held (direct)
40,000 shares at $10.00
Stock options on common stock expiring October 19, 2029
Stock options held (indirect, daughter)
7,500 shares at $10.00
Indirect options on common stock expiring June 14, 2029
Stock options held (indirect, daughter)
1,000 shares at $6.58
Indirect options expiring May 23, 2034
Stock options held (indirect, daughter)
500 shares at $7.00
Indirect options expiring August 31, 2033
Key Terms
tax-withholding disposition, restricted stock, stock options, warrants, +1 more
5 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock financial
"shares issued to the reporting person upon vesting of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
stock options financial
"Stock options vest at a rate of 20% per year"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
warrants financial
""security_title": "Warrants""
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
beneficial ownership financial
"Mr. Samuel disclaims beneficial ownership of stock options held by his daughter"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What did LINKBANCORP (LNKB) CEO Andrew S. Samuel report in this Form 4?
He reported tax-related dispositions of common stock. 18,193 directly held shares and 103 shares held by his daughter were withheld at $8.71 per share to cover tax obligations on vested restricted stock, rather than sold in the open market.
Were the LINKBANCORP (LNKB) CEO’s transactions open-market sales?
No. The filing uses code F, meaning a tax-withholding disposition. Shares were delivered back to satisfy tax liabilities from restricted stock vesting, not sold on the market, so these transactions carry limited signaling value about the CEO’s view of the stock.
What derivative positions does the LINKBANCORP (LNKB) CEO retain?
He retains warrants on 907,240 shares of common stock at a $10.00 exercise price, expiring on January 3, 2029, and stock options on 40,000 shares at $10.00, expiring on October 19, 2029, providing substantial additional equity exposure.
How are the LINKBANCORP (LNKB) CEO’s daughter’s holdings treated in this filing?
Some shares and stock options are held by his daughter and her IRA. Footnotes state that Mr. Samuel shares the same household but disclaims beneficial ownership of these holdings, so they are treated as indirect and not his personal economic interest.