Stride executive has shares withheld for taxes
Stride, Inc. managing director Todd Goldthwaite reported an automatic tax-related share disposition.
Rhea-AI Filing Summary
Stride, Inc. managing director Todd Goldthwaite reported an automatic tax-related share disposition. On the vesting of restricted shares, the company withheld 354 shares of common stock at $84.25 per share to cover withholding taxes.
After this tax-withholding disposition, he directly holds 93,506 shares of Stride common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 354 shares
Exercise Price or Tax Liability
1 txn
Insider
Goldthwaite Todd
Role
MANAGING DIRECTOR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 354 | $84.25 | $30K |
Holdings After Transaction:
Common Stock — 93,506 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.
FAQ
What did Stride (LRN) insider Todd Goldthwaite report on this Form 4?
Todd Goldthwaite reported an automatic tax-withholding disposition of Stride shares. The company withheld shares that were otherwise due to him upon vesting of restricted stock, using them to satisfy income tax withholding obligations instead of receiving all vested shares in stock.
Is Todd Goldthwaite’s Form 4 transaction an open-market sale of Stride (LRN) stock?
No, the transaction is not an open-market sale. It is a tax-withholding disposition, where Stride withheld vested shares to cover Goldthwaite’s tax liability, rather than him selling shares into the market for cash proceeds.
AI-generated analysis. How Rhea-AI works. Not financial advice.