Mistras Group (MG) CFO has shares withheld to cover RSU taxes
Rhea-AI Filing Summary
Mistras Group, Inc. senior executive vice president and CFO Edward J. Prajzner reported a routine tax-related share disposition. On the reported date, 2,239 shares of common stock were withheld to cover taxes upon the vesting of restricted stock units, rather than being sold on the open market. After this withholding, he directly holds 149,443 shares of Mistras Group common stock, indicating he retains a substantial equity position in the company.
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FAQ
What insider transaction did Mistras Group (MG) report for Edward J. Prajzner?
Edward J. Prajzner, Sr. EVP and CFO of Mistras Group, reported a tax-related disposition of shares. A total of 2,239 common shares were withheld to pay taxes upon vesting of restricted stock units, rather than sold in the open market.
How many Mistras Group (MG) shares were withheld for taxes in this Form 4?
The filing shows that 2,239 shares of Mistras Group common stock were withheld. These shares covered tax obligations triggered when restricted stock units vested, which is a common, non-market mechanism for satisfying tax liabilities on equity awards.
Did the Mistras Group (MG) CFO sell shares on the open market in this filing?
No open-market sale is reported. The Form 4 describes a tax-withholding disposition, where 2,239 shares were withheld to pay taxes upon RSU vesting, rather than being actively sold by the CFO through market transactions.
How many Mistras Group (MG) shares does the CFO hold after this transaction?
Following the tax-withholding event, Edward J. Prajzner directly holds 149,443 shares of Mistras Group common stock. This total reflects his remaining direct ownership after 2,239 shares were withheld for tax obligations tied to restricted stock unit vesting.
What does transaction code F mean in the Mistras Group (MG) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, it reflects 2,239 Mistras Group shares withheld to satisfy taxes due when restricted stock units vested, not a discretionary market sale.
Is the Mistras Group (MG) CFO’s Form 4 transaction considered routine?
Yes, the filing describes a routine tax-withholding event linked to vesting restricted stock units. Such transactions are common when equity awards vest, as shares are withheld automatically to cover tax liabilities instead of the executive paying cash.