LiveWire Group (LVWR) exec uses 2,038 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LiveWire Group, Inc. executive Jon Bekefy, Head of Global Sales & Marketing, reported a Form 4 transaction involving company common stock. On this date, he disposed of 2,038 shares at $2.68 per share through a tax-withholding disposition, meaning shares were surrendered to cover tax obligations tied to restricted stock units vesting rather than sold on the open market. After this transaction, he reported ownership of 114,711 shares of common stock, which includes 105,803 unvested restricted stock units, each representing the right to receive one share upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bekefy Jon
Role
Head of Global Sales & Mktg.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,038 | $2.68 | $5K |
Holdings After Transaction:
Common Stock — 114,711 shares (Direct)
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 105,803 unvested restricted stock units with each unit representing the contingent right to receive one share of the Issuer's common stock upon vesting.
FAQ
What insider transaction did LVWR executive Jon Bekefy report on this Form 4?
Jon Bekefy reported a tax-withholding disposition of 2,038 shares of LiveWire Group common stock. The shares were surrendered to the issuer to satisfy tax obligations arising from the vesting of restricted stock units, not sold in an open-market transaction.
Does the Form 4 for LVWR show an open-market sale by Jon Bekefy?
No, the filing describes a tax-withholding disposition, not an open-market sale. Shares were surrendered back to the issuer to cover tax obligations tied to restricted stock units vesting, which is a common administrative transaction for equity compensation.
How many unvested restricted stock units does Jon Bekefy hold in LVWR?
Jon Bekefy holds 105,803 unvested restricted stock units, each representing the contingent right to receive one share of LiveWire Group common stock upon vesting. These units are part of his equity compensation and are separate from already vested, freely owned shares.
What does a tax-withholding disposition mean for LVWR insider equity awards?
A tax-withholding disposition means shares from an equity award are surrendered to the issuer to pay taxes due at vesting. For LVWR, Bekefy’s 2,038-share disposition reflects this mechanism, allowing tax obligations to be settled without requiring a separate cash payment.