National Presto (NPK) VP uses 100 shares to cover equity tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
National Presto Industries VP-Engineering Jeffery Alan Morgan reported a small tax-related share disposition. On this Form 4, 100 shares of common stock were delivered at $131.58 per share to cover tax obligations, classified as a tax-withholding disposition rather than an open-market sale.
After this transaction, Morgan directly holds 2,065 common shares and also has indirect ownership of 658 shares through a 401(k) plan, as reported in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Morgan Jeffery Alan
Role
VP-ENGINEERING
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock $1.00 par value | 100 | $131.58 | $13K |
| holding | Common stock $1.00 par value | -- | -- | -- |
Holdings After Transaction:
Common stock $1.00 par value — 2,065 shares (Direct);
Common stock $1.00 par value — 658 shares (Indirect, 401(k) plan)
Footnotes (1)
FAQ
What insider transaction did NPK VP Jeffery Alan Morgan report on this Form 4?
Jeffery Alan Morgan reported a tax-withholding disposition of 100 National Presto common shares. These shares were delivered to satisfy tax obligations, not sold on the open market, and are classified under transaction code F in the Form 4.
What are Jeffery Alan Morgan’s direct National Presto (NPK) holdings after this Form 4 transaction?
After the tax-withholding disposition, Morgan directly holds 2,065 National Presto common shares. This figure reflects his remaining direct ownership following the 100-share delivery for taxes, as reported in the post-transaction share balance on the Form 4.
Was this National Presto (NPK) insider transaction an open-market sale or a routine tax payment?
The transaction is a routine tax payment, not an open-market sale. It is coded F, described as payment of tax liability by delivering securities, indicating shares were withheld or delivered to cover taxes tied to equity compensation.