Republic Airways CEO covers taxes with 5,753 shares
REPUBLIC AIRWAYS HOLDINGS INC. director and CEO J. David Grizzle reported a routine tax-withholding transaction tied to restricted stock vesting.
Rhea-AI Filing Summary
REPUBLIC AIRWAYS HOLDINGS INC. director and CEO J. David Grizzle reported a routine tax-withholding transaction tied to restricted stock vesting. On the vesting date, 5,753 shares of common stock were withheld by the company at $20.35 per share to cover applicable taxes related to the achievement of a specified operational milestone on a prior award. After this non-market disposition, Grizzle directly holds 229,221 shares of common stock.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding on RSU vesting; no open-market sale.
CEO and Chairman J. David Grizzle had 5,753 shares of REPUBLIC AIRWAYS HOLDINGS INC. common stock withheld at $20.35 per share to satisfy tax obligations on vested restricted stock tied to an operational milestone. This is coded as an F transaction, a tax-withholding disposition.
Because the shares were withheld by the issuer rather than sold in the market, this event does not reflect an active buy or sell decision. Following the transaction, Grizzle directly owns 229,221 shares, indicating he retains a substantial equity stake after the vesting and associated tax payment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,753 | $20.35 | $117K |
Footnotes (1)
- F1. Represents shares of common stock withheld by the Issuer to pay taxes applicable to vesting of restricted stock in connection with the certification of achievement of a specified operational milestone related to an award previously reported.
Key Figures
Key Terms
restricted stock financial
tax-withholding disposition financial
operational milestone financial
transaction code F regulatory
FAQ
What insider transaction did REPUBLIC AIRWAYS (MESA) report for J. David Grizzle?
What triggered the restricted stock vesting for REPUBLIC AIRWAYS (MESA) CEO?
What does transaction code F mean in the REPUBLIC AIRWAYS (MESA) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.