Nomad Foods (NYSE: NOMD) director reports tax-withheld shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nomad Foods director James E. Lillie reported routine equity compensation activity. On July 2, 2026, 3,580 Ordinary Shares were disposed of at $10.02 per share as shares withheld by the issuer to cover his tax liability from vesting restricted stock units, not an open-market sale.
The footnote states that 8,182 restricted stock units vested on June 22, 2026 and were settled on July 2, 2026, triggering the tax withholding. After the transaction, Lillie holds 689,386 Ordinary Shares directly and 56,250 Ordinary Shares indirectly through ZWC LLC, indicating he retains a substantial equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LILLIE JAMES E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 3,580 | $10.02 | $36K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 689,386 shares (Direct, null);
Ordinary Shares — 56,250 shares (Indirect, By ZWC LLC)
Footnotes (1)
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Key Figures
Tax-withheld shares: 3,580 shares
Tax-withholding price: $10.02 per share
Direct holdings after transaction: 689,386 shares
+2 more
5 metrics
Tax-withheld shares
3,580 shares
Ordinary Shares withheld for tax liability at $10.02 per share
Tax-withholding price
$10.02 per share
Price applied to 3,580 Ordinary Shares for tax withholding
Direct holdings after transaction
689,386 shares
Ordinary Shares held directly by James E. Lillie after July 2, 2026
Indirect holdings via ZWC LLC
56,250 shares
Ordinary Shares held indirectly by James E. Lillie through ZWC LLC
Vested RSUs
8,182 restricted stock units
RSUs vesting on June 22, 2026 and settled on July 2, 2026
Key Terms
restricted stock units, tax liability, Ordinary Shares, tax-withholding disposition
4 terms
restricted stock units financial
"8,182 restricted stock units held by the reporting person vesting on June 22, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"The Issuer withheld the reported shares to cover the reporting person's tax liability"
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.
FAQ
What did Nomad Foods (NOMD) director James E. Lillie report in this Form 4?
James E. Lillie reported a routine tax-related share disposition, not an open-market trade. The company withheld 3,580 Ordinary Shares to cover taxes from vesting restricted stock units, while he retained a large direct and indirect ownership position in Nomad Foods.
What restricted stock unit vesting did Nomad Foods (NOMD) disclose for James E. Lillie?
The filing states that 8,182 restricted stock units held by James E. Lillie vested on June 22, 2026 and were settled on July 2, 2026. The company then withheld a portion of the resulting shares to satisfy his associated tax obligations.
Was the Nomad Foods (NOMD) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Nomad Foods withheld 3,580 shares to cover James E. Lillie’s tax liability from vesting restricted stock units, a common administrative mechanism rather than a discretionary stock sale.