Mistras Group (NYSE: MG) COO shares withheld to cover taxes
Rhea-AI Filing Summary
Mistras Group, Inc. executive vice president and chief operating officer Hammad Hanei Wail reported a tax-related share disposition. On the transaction date, 2,865 shares of common stock were withheld to pay taxes upon vesting of restricted stock units, rather than sold in the open market. Following this withholding, he directly holds 61,777 shares of Mistras Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,865 shares
Net Sell
1 txn
Insider
Hammad Hanei Wail
Role
EVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,865 | $15.10 | $43K |
Holdings After Transaction:
Common Stock — 61,777 shares (Direct)
Footnotes (1)
- F1. Transaction represents shares withheld to pay taxes upon vesting of restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Mistras Group (MG) report for Hammad Hanei Wail?
Mistras Group’s EVP and COO, Hammad Hanei Wail, reported a tax-withholding transaction. The company withheld 2,865 common shares to cover taxes due upon vesting of restricted stock units, rather than executing an open-market sale of shares.
Was the Mistras Group (MG) COO’s Form 4 transaction an open-market sale?
No, the Form 4 shows no open-market sale. The 2,865 Mistras Group common shares were withheld by the company to satisfy tax obligations triggered by vesting restricted stock units, as noted in the accompanying footnote.
What does the tax-withholding code F indicate in the Mistras Group (MG) Form 4?
Code F in the Form 4 indicates shares withheld to pay taxes or exercise costs. For Mistras Group, it shows 2,865 shares withheld from the COO’s equity vesting, covering tax liabilities instead of being sold on the open market.
Does the Mistras Group (MG) COO’s transaction signal a change in ownership strategy?
The reported transaction reflects routine tax withholding on vesting restricted stock units, not a discretionary trade. Shares were withheld to cover tax obligations, and the COO continues to directly hold 61,777 Mistras Group common shares after the event.