Republic Airways (RJET) insider has 2,371 vested shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Republic Airways Holdings Inc. reported an insider tax-related share disposition by officer Scott Hornback. On May 29, 2026, Hornback had 2,371 shares of common stock withheld by the company at $20.35 per share to cover taxes due on the vesting of restricted stock tied to an operational milestone.
After this withholding, Hornback directly held 87,235 shares of Republic Airways common stock. This event reflects compensation-related tax withholding rather than an open-market sale or discretionary trading activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hornback Scott
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,371 | $20.35 | $48K |
Holdings After Transaction:
Common Stock — 87,235 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 2,371 shares
Withholding price per share: $20.35 per share
Shares held after transaction: 87,235 shares
+2 more
5 metrics
Shares withheld for taxes
2,371 shares
Common stock withheld on May 29, 2026
Withholding price per share
$20.35 per share
Value applied to withheld common stock
Shares held after transaction
87,235 shares
Direct common stock ownership following withholding
Transaction code
F
Payment of tax liability by delivering securities
Tax-withholding shares
2,371 shares
Summarized as taxWithholdingShares in transactionSummary
Key Terms
restricted stock, operational milestone, tax-withholding disposition, Form 4
4 terms
restricted stock financial
"vesting of restricted stock in connection with the certification of achievement"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
operational milestone financial
"achievement of a specified operational milestone related to an award previously reported"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition"
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)"
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 Republic Airways (RJET) report for Scott Hornback?
Republic Airways reported a tax-related share withholding for officer Scott Hornback. On May 29, 2026, 2,371 common shares were withheld to satisfy tax obligations arising from restricted stock vesting linked to an operational milestone award.
Was this Republic Airways Form 4 an open-market sale by the insider?
This Form 4 does not show an open-market sale. It records a tax-withholding disposition, where Republic Airways withheld 2,371 vested restricted shares at $20.35 each to pay taxes, rather than Hornback selling shares on the open market.