NVIDIA (NASDAQ: NVDA) GC moves vested shares to family trust and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NVIDIA CORP executive Timothy S. Teter reported routine equity compensation activity. Restricted stock units vested, and the company withheld 35,742 shares of common stock at $207.41 per share to cover his tax obligations, so this was not an open-market sale.
The filing also shows 30,463 shares issued upon the RSU vesting and then transferred without consideration to The Horne Teter Family Living Trust, where Teter is trustee. After these updates, he directly holds 334,436 shares, and the trust holds 2,717,660 shares indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Teter Timothy S.
Role
EVP, General Counsel and Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 35,742 | $207.41 | $7.41M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 334,436 shares (Direct, null);
Common Stock — 2,717,660 shares (Indirect, The Horne Teter Family Living Trust, dated February 1, 2019)
Footnotes (1)
- Represents shares withheld by the Issuer to satisfy taxes due by the Reporting Person in connection with the vesting of restricted stock units previously reported on a Form 4. Includes 30,463 shares issued upon the vesting of restricted stock units previously reported on a Form 4. Reflects 30,463 shares transferred without consideration from the Reporting Person to The Horne Teter Family Living Trust, dated 02/01/2019 (the "Trust"), of which the Reporting Person is trustee. Shares held by the Trust.
Key Figures
Tax-withheld shares: 35,742 shares
Withholding price: $207.41 per share
Direct holdings after: 334,436 shares
+3 more
6 metrics
Tax-withheld shares
35,742 shares
Withheld to satisfy taxes on RSU vesting
Withholding price
$207.41 per share
Value used for tax-withholding disposition
Direct holdings after
334,436 shares
Direct NVIDIA common stock held by Teter after transactions
Indirect trust holdings
2,717,660 shares
Shares held by The Horne Teter Family Living Trust
RSU vesting issuance
30,463 shares
Shares issued upon vesting of restricted stock units
Transfer to trust
30,463 shares
Shares transferred without consideration to family trust
Key Terms
restricted stock units, tax-withholding disposition, Family Living Trust, Form 4
4 terms
restricted stock units financial
"vesting of restricted stock units previously reported on a Form 4"
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 disposition financial
"transaction_action: tax-withholding disposition related to RSU vesting"
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.
Family Living Trust financial
"The Horne Teter Family Living Trust, dated February 1, 2019"
Form 4 regulatory
"restricted stock units previously reported on a 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 did NVIDIA (NVDA) executive Timothy Teter report in this Form 4?
Timothy Teter reported RSU vesting, related tax withholding, and a transfer to a family trust. These are routine compensation and estate-planning steps rather than open-market buying or selling activity affecting NVIDIA CORP shares.