Latch CFO has 3,149 shares withheld for taxes
Latch’s CFO had a small number of shares withheld to cover taxes on vesting equity awards, while retaining a large direct holding.
Rhea-AI Filing Summary
Latch, Inc. (LTCH) reported that Chief Financial Officer Jeffrey M. Mayfield had 3,149 shares of common stock withheld on September 5, 2026 to satisfy tax withholding obligations tied to the vesting and settlement of restricted stock units. After this tax-withholding disposition, he holds 1,799,869 shares directly. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 3,149 shares
Tax Withholding
1 txn
Insider
Mayfield Jeffrey M
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 3,149 | $0.19 | $598.31 |
Holdings After Transaction:
Common Stock — 1,799,869 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units.
Key Figures
Shares withheld for taxes: 3,149 shares
Withholding reference price: $0.19 per share
Shares held after transaction: 1,799,869 shares
3 metrics
Shares withheld for taxes
3,149 shares
Common stock withheld on September 5, 2026 to satisfy tax withholding obligations
Withholding reference price
$0.19 per share
Value reported for the 3,149 shares withheld for tax obligations
Shares held after transaction
1,799,869 shares
Direct holdings of the CFO following the September 5, 2026 transaction
Key Terms
restricted stock units, tax withholding obligations, Payment of tax liability by delivering or withholding securities
3 terms
restricted stock units financial
"in connection with the vesting and settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares withheld by the Issuer to satisfy tax withholding obligations"
Payment of tax liability by delivering or withholding securities financial
"transaction code description is Payment of tax liability by delivering or withholding securities"
FAQ
What insider transaction did LTCH disclose for its CFO on September 5, 2026?
Latch, Inc. disclosed that CFO Jeffrey M. Mayfield had 3,149 shares of common stock withheld on September 5, 2026 to satisfy tax withholding obligations related to vesting restricted stock units.
Was the LTCH CFO’s September 2026 Form 4 transaction an open market sale?
No. The 3,149 shares were withheld by the issuer to cover tax withholding obligations upon vesting of restricted stock units, rather than sold in an open market transaction.
Was the LTCH CFO’s transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as being pursuant to a plan, and no footnote indicates that this tax-withholding disposition was made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.