Logitech director remits 721 shares for taxes
Logitech director Neela Montgomery surrendered shares to the company to cover taxes on vested RSUs, leaving a direct holding of 14,578 shares.
Rhea-AI Filing Summary
LOGITECH INTERNATIONAL S.A. director Neela Montgomery reported an exempt disposition of 721 registered shares on September 9, 2026. The shares were remitted back to Logitech to satisfy tax withholding obligations from the vesting of previously reported RSUs, at a reference price of $98.44 per share. After this transaction, Montgomery directly holds 14,578 shares of Logitech.
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Insider Trade Summary
Tax Withholding: 721 shares
Tax Withholding
1 txn
Insider
Montgomery Neela
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Registered Shares F1, F2 | 721 | $98.44 | $71K |
Holdings After Transaction:
Registered Shares — 14,578 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: 721 shares
Reference price per share: $98.44 per share
Shares held after transaction: 14,578 shares
+2 more
5 metrics
Shares remitted for tax withholding
721 shares
Registered shares delivered to Logitech on September 9, 2026
Reference price per share
$98.44 per share
Based on CHF 79.66 SIX closing price converted at 1 CHF = $1.23571
Shares held after transaction
14,578 shares
Total Logitech registered shares directly held by Neela Montgomery after the disposition
SIX Swiss Exchange closing price
CHF 79.66 per share
Closing price on September 9, 2026 used to derive the U.S. dollar reference price
FX rate used for conversion
1 CHF = $1.23571
Exchange rate on September 9, 2026 applied to the CHF closing price
Key Terms
Rule 16b-3(e), RSUs, tax withholding obligations, SIX Swiss Exchange
4 terms
Rule 16b-3(e) regulatory
"In an exempt disposition to the Issuer under rule 16b-3(e), the recipient"
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.
tax withholding obligations financial
"in connection with the satisfaction of tax withholding obligations arising"
SIX Swiss Exchange market
"represents the closing price on the SIX Swiss Exchange of CHF 79.66"
A national stock exchange that operates the primary marketplace for buying and selling shares and other securities in Switzerland. Think of it as a regulated auction house where prices are visible, trades are matched, and listing rules and disclosure standards help ensure orderly markets; its listings, trading volume and rules matter to investors because they affect how easily shares can be bought or sold, how transparent pricing is, and the credibility of listed companies.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Logitech (LOGI) director Neela Montgomery report on this Form 4?
She reported an exempt disposition of 721 Logitech registered shares on September 9, 2026, remitting them to the company to satisfy tax withholding obligations arising from the vesting of previously reported RSUs.
Was the LOGI Form 4 transaction executed under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 plan for this transaction, and the footnote describes it as an exempt disposition to the issuer for tax withholding under Rule 16b-3(e).
AI-generated analysis. How Rhea-AI works. Not financial advice.