Logitech director remits 136 shares for taxes
A Logitech director surrendered 136 shares back to the company to cover taxes on vested RSUs, leaving 15,427 shares held directly.
Rhea-AI Filing Summary
LOGITECH INTERNATIONAL S.A. (LOGI) director Ng Kwok Wang reported an exempt disposition of 136 registered shares on September 9, 2026, remitting them to Logitech to satisfy tax withholding obligations arising from the vesting of previously reported RSUs. The price used was $98.44 per share, based on a CHF 79.66 closing price converted to U.S. dollars, and his direct holdings after this withholding event were 15,427 shares. No Rule 10b5-1 trading plan is reported.
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Insider Trade Summary
Tax Withholding: 136 shares
Tax Withholding
1 txn
Insider
Ng Kwok Wang
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Registered Shares F1, F2 | 136 | $98.44 | $13K |
Holdings After Transaction:
Registered Shares — 15,427 shares (Direct)
Footnotes (2)
- F1. In an exempt disposition to the Issuer under rule 16b-3(e), the recipient remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of shares with respect to previously reported RSUs.
- F2. The reported amount represents the closing price on the SIX Swiss Exchange of CHF 79.66, as converted into U.S. dollars at the exchange rate of 1 CHF to U.S. $1.23571, as in effect on September 9, 2026.
Key Figures
Shares remitted for tax withholding: 136 shares
Per-share valuation for tax withholding: $98.44 per share
Director shareholdings after transaction: 15,427 shares
+2 more
5 metrics
Shares remitted for tax withholding
136 shares
Registered shares delivered to Logitech on September 9, 2026 to satisfy tax withholding on vested RSUs
Per-share valuation for tax withholding
$98.44 per share
Based on CHF 79.66 SIX Swiss Exchange closing price converted at 1 CHF = $1.23571 on September 9, 2026
Director shareholdings after transaction
15,427 shares
Direct holdings of Logitech registered shares after the September 9, 2026 tax-withholding disposition
SIX Swiss Exchange closing price
CHF 79.66
Closing price used to value the Logitech shares on September 9, 2026
Exchange rate used for conversion
1 CHF = $1.23571
Exchange rate applied to convert the CHF 79.66 closing price into U.S. dollars
Key Terms
Rule 16b-3(e), tax withholding obligations, RSUs
3 terms
Rule 16b-3(e) regulatory
"In an exempt disposition to the Issuer under rule 16b-3(e), the recipient remitted shares"
tax withholding obligations financial
"in connection with the satisfaction of tax withholding obligations arising out of the vesting of shares"
RSUs financial
"arising out of the vesting of shares with respect to previously reported RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LOGI director Ng Kwok Wang report on September 9, 2026?
He reported an exempt disposition of 136 Logitech registered shares on September 9, 2026, remitted to Logitech to satisfy tax withholding obligations related to the vesting of previously reported RSUs, rather than an open-market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.