MIAX (MIAX) EVP uses 5,939 shares to cover restricted stock taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MIAMI INTERNATIONAL HOLDINGS, INC. executive Edward Deitzel reported a routine share disposition related to taxes. On this Form 4, 5,939 shares of common stock were surrendered to the company at $40.79 per share to satisfy tax withholding and remittance obligations on restricted stock awards. This transaction is explicitly described as a tax-withholding mechanism and not a sale by the reporting person. After the withholding, Deitzel directly holds 110,282 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Deitzel Edward
Role
EVP, CRO, CCO MIAX Exchanges
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,939 | $40.79 | $242K |
Holdings After Transaction:
Common Stock — 110,282 shares (Direct)
Footnotes (1)
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Key Figures
Shares surrendered for taxes: 5,939 shares
Valuation price per share: $40.79 per share
Shares held after transaction: 110,282 shares
3 metrics
Shares surrendered for taxes
5,939 shares
Tax-withholding disposition on restricted stock awards
Valuation price per share
$40.79 per share
Value used for surrendered common stock
Shares held after transaction
110,282 shares
Direct MIAX common stock holdings after tax withholding
Key Terms
restricted stock awards, tax withholding, net settlement
3 terms
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.
tax withholding financial
"satisfy tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
net settlement financial
"in connection with the net settlement of restricted stock awards"
FAQ
What insider transaction did MIAX executive Edward Deitzel report on this Form 4?
Edward Deitzel reported surrendering 5,939 MIAX common shares to the company to cover tax withholding obligations on restricted stock awards. This was a tax-withholding disposition, not an open-market sale, and is a routine administrative transaction.