Mercury Systems (MRCY) CFO’s tax-driven 8,692-share sale
Rhea-AI Filing Summary
MERCURY SYSTEMS INC (MRCY) reported that its EVP and CFO, David E. Farnsworth, had shares of Common Stock sold on his behalf in August 2026 under a sell-to-cover program to meet tax withholding obligations tied to vesting stock awards. On August 17 and 18, 2026, an aggregate of 8,692 shares were sold at per-share prices determined for all participants in the program, rather than as individual discretionary trades. The filing also reports that 1,516 shares are held indirectly in a 401K Plan after the August 17, 2026 date.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 8,692 shares
Net Sell
3 txns
Insider
Farnsworth David E.
Role
EVP, CFO
Sold
8,692 shs ($966K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 7,347 | $111.3577 | $818K |
| Sale | Common Stock F1, F2 | 1,345 | $109.9509 | $148K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 132,734 shares (Direct);
Common Stock — 1,516 shares (Indirect, 401K Plan)
Footnotes (2)
- F1. Represents shares sold as part of a sell-to-cover program to satisfy tax withholding obligations upon the vesting of stock awards.
- F2. Represents the per share price attributed to sales of shares on behalf of all participants under the sell-to-cover program on the transaction date indicated.
Key Figures
Shares sold August 18, 2026: 7,347 shares
Price per share August 18, 2026: $111.3577 per share
Shares sold August 17, 2026: 1,345 shares
+3 more
6 metrics
Shares sold August 18, 2026
7,347 shares
Common Stock sold under sell-to-cover program on 2026-08-18
Price per share August 18, 2026
$111.3577 per share
Attributed sale price for all participants in sell-to-cover program
Shares sold August 17, 2026
1,345 shares
Common Stock sold under sell-to-cover program on 2026-08-17
Price per share August 17, 2026
$109.9509 per share
Attributed sale price for all participants in sell-to-cover program
Total shares sold
8,692 shares
Aggregate of reported August 17 and 18, 2026 sell-to-cover sales
Shares held in 401K Plan
1,516 shares
Indirect ownership in 401K Plan as of August 17, 2026 entry
Key Terms
sell-to-cover program, tax withholding obligations, vesting of stock awards, 401K Plan
4 terms
sell-to-cover program financial
"Represents shares sold as part of a sell-to-cover program to satisfy tax"
tax withholding obligations financial
"program to satisfy tax withholding obligations upon the vesting of stock awards"
vesting of stock awards financial
"to satisfy tax withholding obligations upon the vesting of stock awards"
401K Plan financial
"Common Stock held indirectly through a 401K Plan"
A 401(k) plan is an employer-sponsored retirement savings account that lets workers set aside part of their paycheck into investments, often with tax breaks and sometimes with matching contributions from the employer. Think of it as a workplace piggy bank that grows through employee contributions, optional company top-ups, and market returns; it matters to investors because it shapes household retirement security, drives large flows of money into public markets, and affects a company’s compensation costs and ability to attract and keep talent.
FAQ
What insider transactions did MRCY report for EVP, CFO David E. Farnsworth in August 2026?
MRCY reported that 8,692 shares of Common Stock linked to EVP, CFO David E. Farnsworth were sold in August 2026 under a sell-to-cover program to satisfy tax withholding obligations upon vesting of stock awards.
Were the August 2026 MRCY stock sales by David E. Farnsworth discretionary?
The filing states the shares were sold as part of a sell-to-cover program to satisfy tax withholding obligations when stock awards vested, indicating the sales were programmatic rather than individual discretionary open-market trading.
Does the MRCY Form 4 mention a Rule 10b5-1 trading plan for these transactions?
The Form 4’s Rule 10b5-1 affirmation box is not checked, and the footnotes describe a sell-to-cover program for tax withholding, with no specific reference to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.