Masco (MAS) CFO uses 6,565 shares to cover equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Masco Corporation executive Richard J. Westenberg, the VP, CFO & Treasurer, reported a tax-related share disposition. On this Form 4, he transferred 6,565 shares of common stock at $71.86 per share to cover tax liabilities, and now directly holds 40,576 shares of Masco common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Westenberg Richard J.
Role
VP, CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,565 | $71.86 | $472K |
Holdings After Transaction:
Common Stock — 40,576 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Masco (MAS) CFO Richard Westenberg report?
Masco VP, CFO & Treasurer Richard J. Westenberg reported a tax-withholding disposition of 6,565 shares of Masco common stock. The shares were transferred at $71.86 per share to satisfy tax obligations related to equity compensation.
Was the Masco (MAS) CFO’s Form 4 transaction an open-market sale?
No, the Form 4 for Masco’s CFO reports a tax-withholding disposition, not an open-market sale. The 6,565 shares were used to pay tax liabilities associated with an equity award, as indicated by transaction code F.
What does transaction code F mean on the Masco (MAS) Form 4 filing?
Transaction code F on the Masco Form 4 indicates a payment of exercise price or tax liability by delivering securities. In this case, 6,565 shares of common stock were disposed of to cover tax obligations, rather than being sold in the open market.