Stride (LRN) CFO sees 2,235 shares withheld to cover tax bill
Rhea-AI Filing Summary
Stride, Inc. Chief Financial Officer Donna Blackman reported a Form 4 transaction involving company common stock. On the vesting of restricted shares, 2,235 shares were withheld by the company at $84.25 per share to cover withholding taxes, leaving her with 128,247 shares of direct ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,235 shares
Net Sell
1 txn
Insider
Blackman Donna
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,235 | $84.25 | $188K |
Holdings After Transaction:
Common Stock — 128,247 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 insider transaction did Stride (LRN) report for its CFO?
Stride reported that CFO Donna Blackman had 2,235 common shares withheld upon vesting of restricted stock. These shares were retained by the company to cover her withholding tax obligations related to the vesting event, rather than an open-market sale.
What does transaction code "F" mean in the Stride (LRN) CFO filing?
Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, it reflects shares of restricted stock withheld by Stride from CFO Donna Blackman to cover the tax due when those restricted shares vested.