LOPE COO reports tax-withholding share disposition
Grand Canyon Education, Inc.'s chief operating officer, William Stan Meyer, reported an automatic share disposition related to taxes.
Rhea-AI Filing Summary
Grand Canyon Education, Inc.'s chief operating officer, William Stan Meyer, reported an automatic share disposition related to taxes. On the reported date, 2,480 shares of common stock were withheld at a price of $159.07 per share to cover tax liability from vesting restricted stock, rather than being sold in the open market. After this tax-withholding event, Meyer directly owned 105,919 shares of Grand Canyon Education common stock.
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Insider Trade Summary
Exercise Price or Tax Liability: 2,480 shares
Exercise Price or Tax Liability
1 txn
Insider
Meyer William Stan
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,480 | $159.07 | $394K |
Holdings After Transaction:
Common Stock — 105,919 shares (Direct)
Footnotes (1)
- F1. Represents withholding of shares to pay tax liability incident to the vesting of restricted stock.
FAQ
What insider transaction did Grand Canyon Education (LOPE) report for William Stan Meyer?
Grand Canyon Education reported that COO William Stan Meyer had 2,480 shares withheld to cover taxes on vesting restricted stock. This Form 4 event reflects a tax-withholding disposition, not an open-market purchase or sale of LOPE common stock.
What does transaction code "F" mean in the LOPE Form 4 filing?
Transaction code “F” in the LOPE Form 4 indicates shares were used to pay an exercise price or tax liability. In this case, it represents withholding of common stock to satisfy taxes due when restricted stock vested, rather than a discretionary market trade.
What role does William Stan Meyer hold at Grand Canyon Education (LOPE)?
William Stan Meyer serves as chief operating officer of Grand Canyon Education. His Form 4 filing reflects a tax-withholding disposition related to equity compensation, where 2,480 shares of common stock were withheld upon vesting of restricted stock awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.