Lyft (LYFT) CFO reports RSU tax withholding, share transfer
Lyft, Inc. chief financial officer Erin Brewer reported equity transactions in Lyft Class A common stock.
Rhea-AI Filing Summary
Lyft, Inc. chief financial officer Erin Brewer reported equity transactions in Lyft Class A common stock. The disclosure shows 59,147 shares withheld by Lyft to satisfy tax withholding and remittance obligations tied to the net settlement of restricted stock units, which is described as not a sale by Brewer. The filing also records a transfer of 51,303 shares out of Brewer’s direct holdings and an equivalent 51,303 shares into the Erin M. Brewer 2022 Trust, for which she serves as trustee. Following these transactions, Brewer beneficially owns 1,205,205 shares directly and 577,062 shares indirectly through the trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 59,147 | $21.21 | $1.25M |
| Gift | Class A Common Stock | 51,303 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 51,303 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents shares that have been withheld by the Issuer to satisfy its tax withholding and remittance obligations in connection with the net settlement of restricted stock units (RSUs) and does not represent a sale by the Reporting Person.
- F2. Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
- F3. These shares are held by the Erin M. Brewer 2022 Trust, dated August 9, 2022, for which the Reporting Person serves as trustee.
FAQ
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What did Lyft (LYFT) CFO Erin Brewer report on this Form 4?
What are the RSUs mentioned in Erin Brewer’s Lyft (LYFT) Form 4?
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