Madison Air Solutions (MAIR) CFO has shares withheld to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Madison Air Solutions Corp Chief Financial Officer John Joseph V Foley reported a routine tax-related share disposition. On the vesting of 46,215 EAR Units, 21,143 shares of Class A common stock were withheld at $38.13 per share to satisfy his tax obligation, rather than sold on the open market. Following this withholding, Foley directly holds 1,641,786 shares of Class A common stock and his holdings include 506,537 EAR Units, each representing the right to receive one share upon future vesting, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Foley John Joseph V
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A common stock | 21,143 | $38.13 | $806K |
Holdings After Transaction:
Class A common stock — 1,641,786 shares (Direct, null)
Footnotes (1)
- Represents shares of the Issuer's Class A common stock withheld to satisfy the reporting person's tax obligation upon the vesting of 46,215 EAR Units. Each EAR Unit represents the right to receive one share of Class A common stock upon vesting, subject to continued service through the applicable vesting date. Includes 506,537 EAR Units
Key Figures
Shares withheld for taxes: 21,143 shares
Withholding price: $38.13 per share
Shares after transaction: 1,641,786 shares
+2 more
5 metrics
Shares withheld for taxes
21,143 shares
Class A common stock withheld to satisfy tax obligation
Withholding price
$38.13 per share
Value used for tax-withholding disposition
Shares after transaction
1,641,786 shares
Direct Class A common stock holdings following withholding
Vested EAR Units
46,215 units
EAR Units that vested and triggered tax withholding
Remaining EAR Units
506,537 units
EAR Units included in CFO’s holdings after this event
Key Terms
EAR Units, Class A common stock, tax obligation, vesting
4 terms
EAR Units financial
"Represents shares ... upon the vesting of 46,215 EAR Units."
Class A common stock financial
"Represents shares of the Issuer's Class A common stock withheld to satisfy the reporting person's tax obligation"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax obligation financial
"withheld to satisfy the reporting person's tax obligation upon the vesting of 46,215 EAR Units"
vesting financial
"Each EAR Unit represents the right to receive one share ... upon vesting, subject to continued service"
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 Madison Air Solutions (MAIR) report for its CFO?
Madison Air Solutions’ CFO John Joseph V Foley had 21,143 Class A shares withheld for taxes. The withholding occurred when 46,215 EAR Units vested, and it was not an open-market sale but a tax-settlement mechanism tied to equity compensation vesting.
Was the Madison Air Solutions (MAIR) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The company withheld 21,143 Class A shares at $38.13 each to cover the CFO’s tax obligation triggered by the vesting of 46,215 EAR Units.
What are EAR Units mentioned in the Madison Air Solutions (MAIR) filing?
EAR Units are equity awards where each unit represents the right to receive one Class A share upon vesting. In this filing, 46,215 EAR Units vested, and Foley’s holdings include a remaining 506,537 EAR Units, all subject to continued service until their respective vesting dates.