Medline (MDLN) CFO has 1,889 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Medline Inc. Chief Financial Officer Michael B. Drazin reported a tax-withholding disposition related to equity compensation. On the vesting of restricted stock units, 1,889 shares of Class A Common Stock were withheld at $36.61 per share to cover taxes, leaving him with 23,899 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Drazin Michael B
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,889 | $36.61 | $69K |
Holdings After Transaction:
Class A Common Stock — 23,899 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,889 shares
Withholding price per share: $36.61 per share
Shares held after transaction: 23,899 shares
3 metrics
Shares withheld for taxes
1,889 shares
Tax-withholding disposition on RSU vesting
Withholding price per share
$36.61 per share
Value used for tax-withholding shares
Shares held after transaction
23,899 shares
Direct Class A Common Stock ownership post-transaction
Key Terms
restricted stock units, tax-withholding disposition, Form 4
3 terms
restricted stock units financial
"Reflects shares withheld to satisfy the Reporting Person's tax liability in connection with the 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 disposition financial
"transaction_action: tax-withholding disposition related to equity compensation"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) reporting the transaction"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Medline (MDLN) report for its CFO?
Medline’s CFO Michael B. Drazin reported a tax-withholding disposition, where 1,889 Class A Common Stock shares were withheld to cover taxes on vested restricted stock units, rather than an open-market sale of shares.
Was the Medline (MDLN) CFO’s Form 4 transaction an open-market stock sale?
No, the transaction was not an open-market sale. It was a tax-withholding disposition, where shares were delivered to satisfy the CFO’s tax liability from restricted stock unit vesting, as indicated by transaction code F and the accompanying footnote.
What does transaction code F mean in the Medline (MDLN) Form 4 filing?
Transaction code F indicates a payment of exercise price or tax liability by delivering securities. In this Medline filing, shares were withheld to cover the CFO’s tax obligations tied to restricted stock unit vesting, not sold on the open market.