Inotiv officer stock sale covers RSU tax
Inotiv, Inc. Chief Strategy Officer John E. Sagartz reported an automatic sale of company stock to cover taxes on vested restricted stock units.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Inotiv, Inc. Chief Strategy Officer John E. Sagartz reported an automatic sale of company stock to cover taxes on vested restricted stock units. On this transaction date, 2,119 shares of common stock were sold at an average price of $0.2908 per share under a pre-set Rule 10b5-1 instruction. Following this tax-withholding sale, Sagartz directly held 735,697 shares of Inotiv common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,119 | $0.2908 | $616.21 |
Footnotes (1)
- F1. Represents shares automatically sold by the Company on behalf of the reporting person to satisfy tax withholding obligations upon the vesting and settlement of restricted stock units, which sale was made pursuant to a Rule 10b5-1 instruction entered into by the reporting person during the period from September 11, 2024 to October 9, 2024.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Inotiv (NOTV) report for John E. Sagartz?
Was the Inotiv (NOTV) insider sale by John E. Sagartz part of a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.