Madison Air (MAIR) CEO has 167,516 shares withheld for tax payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Madison Air Solutions Corp reported a compensation-related share withholding for its Chief Executive Officer, Jill S. Wyant. On the vesting of 330,753 EAR Units, 167,516 shares of Class A common stock were withheld at $39.02 per share to satisfy her tax obligation. This was not an open-market sale but an automatic tax-withholding disposition. After this event, she directly holds 3,566,033 shares of Class A common stock and 2,279,085 EAR Units, each of which represents 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
Wyant Jill S
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A common stock | 167,516 | $39.02 | $6.54M |
Holdings After Transaction:
Class A common stock — 3,566,033 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 330,753 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 2,279,085 EAR Units
Key Figures
Shares withheld for taxes: 167,516 shares
Withholding reference price: $39.02 per share
Shares held after transaction: 3,566,033 shares
+2 more
5 metrics
Shares withheld for taxes
167,516 shares
Class A common stock withheld for tax obligation
Withholding reference price
$39.02 per share
Price used in tax-withholding disposition
Shares held after transaction
3,566,033 shares
Direct Class A common stock holdings following transaction
EAR Units vested
330,753 units
Equity awards vesting that triggered tax obligation
EAR Units outstanding
2,279,085 units
Remaining EAR Units after this vesting event
Key Terms
EAR Units, tax obligation, vesting
3 terms
EAR Units financial
"Represents shares of the Issuer's Class A common stock withheld to satisfy the reporting person's tax obligation upon the vesting of 330,753 EAR Units."
tax obligation financial
"Represents shares of the Issuer's Class A common stock withheld to satisfy the reporting person's tax obligation upon the vesting of 330,753 EAR Units."
vesting financial
"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."
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 did Madison Air Solutions (MAIR) disclose in this Form 4?
The filing shows CEO Jill S. Wyant had 167,516 Class A shares withheld to cover taxes when 330,753 EAR Units vested. This is an automatic tax-withholding event, not an open-market sale, tied to her equity compensation.
What are EAR Units in the Madison Air (MAIR) filing?
EAR Units are equity awards where each unit represents the right to receive one share of Class A common stock upon vesting. In this filing, 330,753 EAR Units vested, and 2,279,085 EAR Units remain outstanding, subject to continued service through applicable vesting dates.