Liquidity Services (LQDT) VP gains 1,714 shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liquidity Services Inc. executive Mark A. Shaffer reported an equity compensation event involving restricted stock units and common shares. On May 14, 2026, 2,530 restricted stock units vested, each equivalent to one share of common stock. According to the disclosure, 816 shares were withheld to cover federal and state taxes, resulting in a net issuance of 1,714 common shares to The Mark A. Shaffer Revocable Trust, which now holds 73,644 shares indirectly. Shaffer also continues to hold multiple restricted stock unit and stock option grants over Liquidity Services common stock, including options with exercise prices such as $23.52 and $21.62 per share with expirations extending into the 2030s.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,530 shares exercised/converted
Mixed
17 txns
Insider
Shaffer Mark A
Role
VP, Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant | 2,530 | $0.00 | -- |
| Exercise | Common Stock | 1,714 | $0.00 | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit Grant — 6,325 shares (Direct);
Common Stock — 73,644 shares (Indirect, By The Mark A. Shaffer Revocable Trust);
Stock Option Grant — 1,734 shares (Direct)
Footnotes (1)
- Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones. 12/48th of this option grant vested on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months. 12/48th of this option grant will vest on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2026, January 1, 2027, January 1, 2028 and January 1, 2029. 12/48th of this option grant will vest on January 1, 2026, and, thereafter, an additional 1/48th will vest each month for thirty-six months. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2025, January 1, 2026, January 1, 2027 and January 1, 2028. These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones. 12/48th of this option grant will vest on January 1, 2027, and, thereafter, an additional 1/48th will vest each month for thirty-six months. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2027, January 1, 2028, January 1, 2029 and January 1, 2030. Represents the net issuance of 1,714 shares from the vesting of 2,530 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 816 shares. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2024, January 1, 2025, January 1, 2026 and January 1, 2027.
Key Figures
RSUs vested: 2,530 units
Shares withheld for taxes: 816 shares
Net shares issued: 1,714 shares
+3 more
6 metrics
RSUs vested
2,530 units
Restricted stock units vesting on May 14, 2026
Shares withheld for taxes
816 shares
Withheld to satisfy federal and state tax obligations at vesting
Net shares issued
1,714 shares
Common stock issued to The Mark A. Shaffer Revocable Trust
Indirect holdings after transaction
73,644 shares
Common stock held by The Mark A. Shaffer Revocable Trust
Option exercise price
$23.52 per share
Stock option grant over 13,750 underlying shares expiring in 2035
Option exercise price
$21.62 per share
Stock option grant over 7,490 underlying shares expiring in 2034
Key Terms
restricted stock unit, stock option grant, vesting, withholding, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
stock option grant financial
"These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones."
vesting financial
"Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2026, January 1, 2027, January 1, 2028 and January 1, 2029."
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.
withholding financial
"The federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 816 shares."
revocable trust financial
"Common Stock held indirectly By The Mark A. Shaffer Revocable Trust following the transaction."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What did Liquidity Services (LQDT) disclose about Mark Shaffer’s latest Form 4?
Liquidity Services reported an equity compensation update for executive Mark A. Shaffer. 2,530 restricted stock units vested, leading to a net issuance of 1,714 common shares to his revocable trust after tax withholding of 816 shares by the issuer.
What happened to the 2,530 restricted stock units reported for Liquidity Services (LQDT)?
2,530 restricted stock units vested into common stock for Mark A. Shaffer. Liquidity Services satisfied federal and state tax withholding by retaining 816 shares, leaving 1,714 shares issued to his revocable trust as disclosed in the Form 4 footnotes.
What derivative awards does Mark Shaffer retain in Liquidity Services (LQDT) after this filing?
Mark A. Shaffer continues to hold multiple restricted stock unit and stock option grants over Liquidity Services common stock. These include stock options with exercise prices such as $23.52, $21.62, $17.31 and $14.00 per share, with expirations ranging from 2031 through 2035.