Inotiv (NASDAQ: NOTV) COO covers RSU taxes via share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Inotiv, Inc. Chief Operating Officer John Gregory Beattie reported a routine tax-related share disposition. On the vesting of restricted stock units, 5,769 shares of common stock were withheld by Inotiv to satisfy tax withholding obligations, at a price of $0.0185 per share. After this withholding, Beattie directly holds 180,992 shares of Inotiv common stock. This was not an open-market sale but an automatic mechanism tied to equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Beattie John Gregory
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,769 | $0.0185 | $106.73 |
Holdings After Transaction:
Common Stock — 180,992 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 5,769 shares
Tax withholding price: $0.0185 per share
Shares held after transaction: 180,992 shares
3 metrics
Shares withheld for taxes
5,769 shares
Withheld to satisfy tax obligations on RSU vesting
Tax withholding price
$0.0185 per share
Value used for the 5,769 withheld shares
Shares held after transaction
180,992 shares
Direct holdings after tax-withholding disposition
Key Terms
restricted stock units, tax withholding obligations, Form 4
3 terms
restricted stock units financial
"vesting of restricted stock units"
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 withholding obligations financial
"to satisfy tax withholding obligations on the vesting"
Form 4 regulatory
"routine Form 4 transaction"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Inotiv (NOTV) report for John Gregory Beattie?
Inotiv reported that COO John Gregory Beattie had 5,769 common shares withheld to cover tax obligations on vested restricted stock units. This was an automatic tax-withholding disposition, not an open-market purchase or sale of shares by the executive.