LiveWire (LVWR) sales chief surrenders 662 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LiveWire Group, Inc. Head of Global Sales & Mktg. Jon Bekefy reported a routine tax-related share disposition. He surrendered 662 shares of common stock at $1.19 per share to the company to satisfy tax withholding obligations tied to the vesting of restricted stock units. After this transaction, he directly owns 192,108 shares of common stock, including 164,745 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
Bekefy Jon
Role
Head of Global Sales & Mktg.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 662 | $1.19 | $787.78 |
Holdings After Transaction:
Common Stock — 192,108 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 164,745 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 tax: 662 shares
Per-share tax value: $1.19 per share
Shares held after transaction: 192,108 shares
+1 more
4 metrics
Shares surrendered for tax
662 shares
Common stock delivered to issuer for tax withholding
Per-share tax value
$1.19 per share
Value used for tax withholding on surrendered shares
Shares held after transaction
192,108 shares
Direct common stock ownership following Form 4 transaction
Unvested RSUs
164,745 units
Unvested restricted stock units, each for one common share
Key Terms
restricted stock units, tax withholding obligations, contingent right
3 terms
restricted stock units financial
"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
"surrendered to Issuer to satisfy tax withholding obligations"
contingent right financial
"representing the contingent right to receive one share"
FAQ
What insider transaction did Jon Bekefy report for LiveWire Group (LVWR)?
Jon Bekefy reported surrendering 662 shares of LiveWire common stock. The shares were delivered back to the company to cover tax withholding obligations related to the vesting of restricted stock units rather than being sold on the open market.
Was the LiveWire (LVWR) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 662 shares were surrendered to LiveWire to satisfy tax withholding obligations arising from restricted stock unit vesting, which is a standard, non-discretionary compensation-related event.
What are the restricted stock units mentioned in the LiveWire (LVWR) Form 4?
The Form 4 notes 164,745 unvested restricted stock units for Jon Bekefy. Each unit represents a contingent right to receive one share of LiveWire common stock upon vesting, forming a significant part of his equity-based compensation package.