NATIONAL PRESTO (NYSE: NPK) VP reports 349-share tax withholding move
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NATIONAL PRESTO INDUSTRIES INC VP-ENGINEERING Jeffery Alan Morgan reported a routine tax-related stock transaction. On this Form 4, 349 shares of common stock were disposed of as a tax-withholding transaction at $139.84 per share, a non-market event tied to equity compensation. After this, he directly owned 1,716 common shares and indirectly held 674 shares through a 401(k) plan.
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 | 349 | $139.84 | $49K |
| holding | Common stock $1.00 par value | -- | -- | -- |
Holdings After Transaction:
Common stock $1.00 par value — 1,716 shares (Direct, null);
Common stock $1.00 par value — 674 shares (Indirect, 401(k) plan)
Footnotes (1)
Key Figures
Tax-withholding shares: 349 shares
Tax-withholding price: $139.84 per share
Direct holdings after transaction: 1,716 shares
+1 more
4 metrics
Tax-withholding shares
349 shares
Shares delivered for tax liability, code F
Tax-withholding price
$139.84 per share
Value assigned to 349 disposed shares
Direct holdings after transaction
1,716 shares
Common stock directly owned after tax withholding
Indirect 401(k) holdings
674 shares
Common stock held through 401(k) plan
Key Terms
tax-withholding disposition, 401(k) plan, Common stock $1.00 par value, Form 4
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" tied to code F"
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.
401(k) plan financial
"nature_of_ownership: "401(k) plan" for indirect holdings"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Common stock $1.00 par value financial
"security_title: "Common stock $1.00 par value" for reported shares"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
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 NPK executive Jeffery Alan Morgan report?
Jeffery Alan Morgan reported a tax-withholding disposition of company shares. The filing shows 349 common shares were delivered to cover tax obligations, rather than sold on the open market, as part of equity compensation activity.
Does the NPK Form 4 show any indirect holdings for Jeffery Alan Morgan?
Yes. The Form 4 lists an indirect holding of 674 common shares in a 401(k) plan. This entry is reported as a holding, with no specific buy or sell activity tied to that retirement-plan position.
Was the NPK insider transaction an open-market sale or a tax event?
The disposition was a tax-withholding event, not an open-market sale. The code "F" indicates shares were delivered to pay exercise price or tax liability associated with equity compensation, a routine administrative transaction.