Stride (NYSE: LRN) EVP has 363 shares withheld to cover tax on vesting
Rhea-AI Filing Summary
Stride, Inc. executive Greerson Greene McMullen had 363 shares of common stock withheld by the company to cover taxes on vesting restricted shares. This was an automatic tax-withholding disposition, not an open-market sale. After the withholding, McMullen directly owns 12,644 shares of Stride common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 363 shares
Net Sell
1 txn
Insider
McMullen Greerson Greene
Role
EVP, GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 363 | $84.36 | $31K |
Holdings After Transaction:
Common Stock — 12,644 shares (Direct)
Footnotes (1)
- F1. Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Stride (LRN) EVP Greerson Greene McMullen report in this Form 4?
Greerson Greene McMullen reported that 363 Stride common shares were withheld by the company to cover taxes on vesting restricted stock. This was an automatic tax-withholding disposition rather than a market trade, and McMullen continues to hold a significant direct share position afterward.
Was the Stride (LRN) Form 4 transaction a stock sale by the EVP?
The transaction was not an open-market sale. Stride withheld 363 shares upon vesting of restricted stock to satisfy McMullen’s withholding tax obligations. These shares were effectively returned to the company, rather than sold by the executive on the public market.
What does the F code mean in the Stride (LRN) Form 4 transaction?
The F transaction code indicates shares were used to pay taxes or an exercise price. In this case, 363 Stride shares were withheld upon vesting of restricted shares to cover McMullen’s tax liability, as described in the footnote, rather than being sold in the market.