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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,239 | $14.61 | $33K |
Footnotes (1)
- F1. Transaction represents shares withheld to pay taxes upon vesting of restricted stock units.
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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.
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.