Stride executive has 648 shares withheld for tax
Stride’s EVP and general counsel had shares withheld to cover taxes on a restricted stock vesting, leaving a direct holding of 24,035 LRN shares.
Rhea-AI Filing Summary
Stride, Inc. (LRN) reported that executive vice president and general counsel McMullen Greerson Greene had 648 shares of common stock withheld on September 15, 2026 to pay withholding taxes due on the vesting of restricted shares. The shares were valued using a closing price of $83.56 per share, and Greene now holds 24,035 shares directly.
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Insider Trade Summary
Tax Withholding: 648 shares
Tax Withholding
1 txn
Insider
McMullen Greerson Greene
Role
EVP, GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 648 | $83.56 | $54K |
Holdings After Transaction:
Common Stock — 24,035 shares (Direct)
Footnotes (1)
- F1. Represents the number of shares withheld by the Issuer 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.
Key Figures
Shares withheld for tax: 648 shares
Per-share valuation: $83.56 per share
Post-transaction holdings: 24,035 shares
3 metrics
Shares withheld for tax
648 shares
Common stock withheld on September 15, 2026 for tax liability on restricted share vesting
Per-share valuation
$83.56 per share
Closing price used to determine shares withheld for tax on vesting
Post-transaction holdings
24,035 shares
Directly held Stride common stock after the tax-withholding disposition
Key Terms
withholding tax, restricted shares, vesting conditions, closing price
4 terms
withholding tax financial
"to cover the executive's withholding tax associated with the satisfaction"
Withholding tax is a government-required portion of a payment—such as dividends, interest, or salary—that the payer keeps back and sends directly to tax authorities before the recipient receives the money. For investors it reduces the cash they actually get and changes the after-tax return on an investment; rates and refund or credit rules vary by country and can materially affect comparisons between similar investments, like a cashier holding part of a bill to cover taxes.
vesting conditions financial
"associated with the satisfaction of all vesting conditions"
Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.
closing price market
"based upon the closing price of a share of Stride common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Stride, Inc. (LRN) report for McMullen Greerson Greene?
Stride reported that McMullen Greerson Greene had 648 shares of common stock withheld on September 15, 2026 to pay withholding taxes related to the vesting of restricted shares.
Was the Stride (LRN) insider tax-withholding transaction under a Rule 10b5-1 plan?
No. The filing indicates that the Rule 10b5-1 checkbox is not marked, and the footnote describes the transaction as shares withheld to cover withholding tax on a restricted share vesting.
Does this Stride (LRN) Form 4 represent an open-market sale by the executive?
No. The Form 4 describes a tax-withholding disposition of 648 shares, where shares were withheld by Stride upon vesting of restricted shares to satisfy the executive’s tax liability, not an open-market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.