Omnicom (OMC) Co-President uses 3,969 shares to cover equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OMNICOM GROUP INC. Co-President and Co-COO Daryl Simm reported a tax-withholding disposition of 3,969 shares of common stock at $70.83 per share. These shares were delivered to cover tax obligations, not sold in the open market, leaving him with 222,729 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Simm Daryl
Role
Co-President and Co-COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.15 per share | 3,969 | $70.83 | $281K |
Holdings After Transaction:
Common Stock, par value $0.15 per share — 222,729 shares (Direct, null)
Footnotes (1)
Key Figures
Shares used for tax withholding: 3,969 shares
Reference price per share: $70.83 per share
Shares held after transaction: 222,729 shares
3 metrics
Shares used for tax withholding
3,969 shares
Common Stock, transaction code F
Reference price per share
$70.83 per share
Tax-withholding disposition
Shares held after transaction
222,729 shares
Direct ownership following Form 4 transaction
Key Terms
tax-withholding disposition, Common Stock, par value $0.15 per share, Payment of exercise price or tax liability by delivering securities
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
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.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
FAQ
What did Omnicom (OMC) executive Daryl Simm report on this Form 4?
Daryl Simm reported a tax-withholding disposition of 3,969 Omnicom shares. The shares were delivered to satisfy tax obligations related to equity compensation, rather than sold on the open market, and his direct holdings remain substantial afterward.
Was Daryl Simm’s Omnicom (OMC) Form 4 transaction an open-market sale?
No. The Form 4 describes the transaction as a tax-withholding disposition under code F. Shares were delivered to cover tax liabilities related to equity compensation, rather than being sold voluntarily in the open market for cash proceeds.
What does transaction code F mean in the Omnicom (OMC) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, Omnicom executive Daryl Simm used 3,969 shares to satisfy tax obligations tied to his equity compensation, not to execute a discretionary sale.