LiveWire (LVWR) CEO surrenders 43,475 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LiveWire Group, Inc. Chief Executive Officer Karim Donnez reported a routine share disposition tied to equity compensation. On the vesting of restricted stock units, 43,475 shares of common stock were surrendered back to the company at $1.19 per share to satisfy tax withholding obligations, rather than being sold on the open market. Following this tax-withholding transaction, Donnez directly holds 1,574,633 shares of common stock, which includes 1,344,076 unvested restricted stock units that each represent the right to receive one share upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Donnez Karim
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 43,475 | $1.19 | $52K |
Holdings After Transaction:
Common Stock — 1,574,633 shares (Direct, null)
Footnotes (1)
- Reflects shares of common stock surrendered to Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units. Includes 1,344,076 unvested restricted stock units with each unit representing the contingent right to receive one share of the Issuer's common stock upon vesting.
Key Figures
Shares surrendered for taxes: 43,475 shares
Tax withholding share value: $1.19 per share
Shares after transaction: 1,574,633 shares
+1 more
4 metrics
Shares surrendered for taxes
43,475 shares
Common stock surrendered for tax withholding on RSU vesting
Tax withholding share value
$1.19 per share
Value per share used in tax-withholding disposition
Shares after transaction
1,574,633 shares
CEO direct holdings following tax-withholding disposition
Unvested RSUs
1,344,076 units
Unvested restricted stock units, each for one common share
Key Terms
restricted stock units, tax withholding obligations, unvested restricted stock units, contingent right
4 terms
restricted stock units financial
"in connection with the vesting 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
"satisfy tax withholding obligations in connection with the vesting"
unvested restricted stock units financial
"Includes 1,344,076 unvested restricted stock units with each unit"
contingent right financial
"each unit representing the contingent right to receive one share"
FAQ
What did LiveWire (LVWR) CEO Karim Donnez report in this Form 4?
The CEO reported a tax-related share disposition. 43,475 shares were surrendered to LiveWire Group to cover tax withholding on vesting restricted stock units, rather than sold in the market.
Was the LiveWire (LVWR) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. Shares were surrendered to the company to satisfy tax withholding obligations when restricted stock units vested, a common administrative event.
What are the unvested restricted stock units mentioned in the LiveWire (LVWR) filing?
Unvested restricted stock units are equity awards that may convert into shares later. The CEO has 1,344,076 such units, each representing a contingent right to receive one LiveWire common share upon vesting conditions being met.