LINKBANCORP (LNKB) officer has shares withheld for taxes on vested stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LINKBANCORP, Inc. Chief Ops and Tech Officer Deirdre Bonora reported a routine tax-related share disposition tied to equity compensation. On April 22, 2026, 3,788 shares of common stock were withheld at $8.71 per share to satisfy tax obligations on vested restricted stock, rather than sold in the open market.
After this withholding, Bonora directly holds 12,586 shares of common stock. She also holds stock options linked to 5,000 underlying shares of common stock with an exercise price of $9.00 per share, vesting 20% annually beginning on December 22, 2023 and expiring on December 22, 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bonora Deirdre
Role
Chief Ops and Tech Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,788 | $8.71 | $33K |
| holding | Stock Options | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,586 shares (Direct, null);
Stock Options — 5,000 shares (Direct, null)
Footnotes (1)
- The 3,788 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. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended. Stock options vest at a rate of 20% per year commencing on December 22, 2023.
Key Figures
Tax-withholding shares: 3,788 shares
Withholding reference price: $8.71 per share
Shares held after transaction: 12,586 shares
+3 more
6 metrics
Tax-withholding shares
3,788 shares
Common stock withheld to satisfy tax obligation on vested restricted stock
Withholding reference price
$8.71 per share
Implied value per share for 3,788 withheld common shares
Shares held after transaction
12,586 shares
Direct LNKB common stock holdings following tax-withholding disposition
Stock option exercise price
$9.00 per share
Exercise price for options on 5,000 underlying common shares
Underlying option shares
5,000 shares
Common shares underlying stock options held by Bonora
Option expiration date
December 22, 2032
Expiration of stock options vesting over five years
Key Terms
restricted stock, tax obligation, Stock Options, Section 16, +1 more
5 terms
restricted stock financial
"shares of common stock disposed of represent a portion of the 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.
tax obligation financial
"The shares disposed of were withheld to satisfy the reporting person's tax obligation."
Stock Options financial
"Stock options vest at a rate of 20% per year commencing on December 22, 2023."
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.
Section 16 regulatory
"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
vesting financial
"Stock options vest at a rate of 20% per year commencing on December 22, 2023."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did LNKB executive Deirdre Bonora report in this Form 4?
Deirdre Bonora reported a tax-related share disposition, not an open-market sale. The company withheld 3,788 shares of LINKBANCORP common stock to cover taxes on vested restricted stock, while she retained 12,586 shares plus unexercised stock options.
What do the footnotes in Deirdre Bonora’s LNKB Form 4 explain?
The footnotes clarify the nature of the 3,788-share disposition. They state these shares were part of restricted stock vesting and were withheld solely to cover Bonora’s tax obligation, and also describe the stock option vesting schedule under Section 16 reporting rules.