LiveWire (LVWR) General Counsel surrenders shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LiveWire Group, Inc. General Counsel & Board Secretary Gerrard Allen reported a routine tax-related share disposition. On the vesting of restricted stock units, 848 shares of common stock were surrendered back to the company at $1.19 per share to cover tax withholding obligations. After this withholding transaction, Allen directly holds 182,212 shares of common stock, and his holdings also include 165,023 unvested restricted stock units that may convert into the same number of shares upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gerrard Allen
Role
General Counsel & Board Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 848 | $1.19 | $1K |
Holdings After Transaction:
Common Stock — 182,212 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 165,023 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
Tax-withholding shares: 848 shares
Price per share: $1.19 per share
Shares held after transaction: 182,212 shares
+1 more
4 metrics
Tax-withholding shares
848 shares
Shares surrendered to issuer for tax withholding
Price per share
$1.19 per share
Value used for tax-withholding disposition
Shares held after transaction
182,212 shares
Direct common stock holdings after withholding
Unvested RSUs
165,023 units
Restricted stock units that may vest into shares
Key Terms
restricted stock units, tax withholding obligations, vesting
3 terms
restricted stock units financial
"Includes 165,023 unvested restricted stock units with each unit representing the contingent right to receive one share"
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
"Reflects shares of common stock surrendered to Issuer to satisfy tax withholding obligations in connection with the vesting"
vesting financial
"tax withholding obligations in connection with the vesting of restricted stock units"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did LiveWire Group (LVWR) report for Gerrard Allen?
LiveWire’s General Counsel Gerrard Allen reported surrendering 848 shares to cover tax withholding. This disposition was tied to the vesting of restricted stock units and was not an open-market sale, making it a routine, non-discretionary administrative transaction.
Was the LiveWire (LVWR) Form 4 transaction an open-market sale?
No, the Form 4 for LiveWire shows a tax-withholding disposition, not an open-market sale. 848 shares were surrendered to the issuer to satisfy tax obligations when restricted stock units vested, which is a standard equity-compensation mechanism.
What are the restricted stock units mentioned in the LiveWire (LVWR) Form 4?
The filing states Gerrard Allen has 165,023 unvested restricted stock units, each representing a contingent right to one LiveWire share. These RSUs convert into common stock as vesting conditions are met, forming a key part of his long-term equity compensation.