Inotiv (NOTV) CCO Adrian Hardy has 5,371 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Inotiv, Inc. insider Adrian Hardy reported a tax-related share disposition involving 5,371 shares of common stock. The shares were withheld by Inotiv to cover tax withholding obligations that arose when restricted stock units vested, rather than sold on the open market.
Following this withholding transaction, Hardy directly holds 53,049 shares of Inotiv common stock. This type of Form 4 event is a routine administrative step tied to equity compensation and does not reflect an active decision to buy or sell shares in the market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hardy Adrian
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,371 | $0.0185 | $99.36 |
Holdings After Transaction:
Common Stock — 53,049 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 5,371 shares
Reported transaction price: $0.0185 per share
Shares held after transaction: 53,049 shares
+1 more
4 metrics
Shares withheld for taxes
5,371 shares
Tax-withholding disposition on RSU vesting
Reported transaction price
$0.0185 per share
Value used for the tax-withholding transaction
Shares held after transaction
53,049 shares
Direct common stock ownership after withholding
Tax-withholding shares in summary
5,371 shares
TaxWithholdingShares in transactionSummary
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
"This type of Form 4 event is a routine administrative step"
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 did Inotiv (NOTV) executive Adrian Hardy report on this Form 4?
Adrian Hardy reported a tax-withholding disposition of 5,371 Inotiv common shares. The company withheld these shares to satisfy tax obligations from vested restricted stock units, a routine equity compensation event rather than an open-market sale or purchase.
Was Adrian Hardy’s Inotiv (NOTV) Form 4 transaction an open-market sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. Inotiv withheld 5,371 shares to cover Hardy’s tax obligations from vested restricted stock units, as explicitly described in the Form 4 footnote.