MIAX EVP surrenders shares for tax withholding
MIAMI INTERNATIONAL HOLDINGS, INC. executive John Smollen reported a routine tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
MIAMI INTERNATIONAL HOLDINGS, INC. executive John Smollen reported a routine tax-related share disposition. On this Form 4, he surrendered 362 shares of common stock at $37.50 per share to the company to cover tax withholding tied to restricted stock awards. A footnote clarifies this was not an open-market sale by the reporting person. After this transaction, Smollen directly holds 170,757 shares of MIAX common stock.
Insider Trade Summary
Exercise Price or Tax Liability: 362 shares
Exercise Price or Tax Liability
1 txn
Insider
Smollen John
Role
EVP, New Product Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 362 | $37.50 | $14K |
Holdings After Transaction:
Common Stock — 170,757 shares (Direct)
Footnotes (2)
- F1. Represents shares that have been surrendered to the Company to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock awards and does not represent a sale by the reporting person.
- F2. Reflects a correction to a clerical error in the Reporting Person's previous filings as to the amount of securities beneficially owned.
Key Figures
Shares surrendered for taxes: 362 shares
Transaction price per share: $37.50 per share
Shares held after transaction: 170,757 shares
+1 more
4 metrics
Shares surrendered for taxes
362 shares
Tax-withholding disposition of common stock
Transaction price per share
$37.50 per share
Value used for tax-withholding surrender
Shares held after transaction
170,757 shares
Direct MIAX common stock holdings after Form 4 event
Tax-withholding transactions in filing
1 transaction, 362 shares
Aggregate tax-withholding activity in this Form 4
Key Terms
tax-withholding disposition, restricted stock awards, beneficially owned, Common Stock
4 terms
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.
restricted stock awards financial
"in connection with the net settlement of restricted stock awards"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
beneficially owned financial
"correction to a clerical error ... as to the amount of securities beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MIAX EVP John Smollen report on this Form 4?
John Smollen reported surrendering 362 MIAX common shares to the company. The shares were used to satisfy tax withholding obligations related to restricted stock awards, and were not sold on the open market.
Was the MIAX Form 4 transaction by John Smollen an open-market sale?
No, the transaction was not an open-market sale. A footnote states the 362 shares were surrendered to MIAX solely to cover tax withholding and remittance obligations for restricted stock awards.
Did the MIAX Form 4 for John Smollen include any option exercises or derivative transactions?
No, the filing did not show any option exercises or derivative transactions. The only reported activity was a non-derivative tax-withholding disposition of 362 common shares linked to the net settlement of restricted stock awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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