Everpure CEO uses shares for tax withholding
Everpure, Inc. CEO and director Giancarlo Charles H reported routine share movements involving Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Everpure, Inc. CEO and director Giancarlo Charles H reported routine share movements involving Class A Common Stock. The main activity was a tax-withholding disposition of 30,036 shares at $74.61 per share, used to satisfy income tax obligations tied to vesting equity awards.
The filing states this does not represent a market sale by the reporting person. After this event, Giancarlo directly holds 1,819,597 Class A shares and indirectly holds 731,414 Class A shares through the Giancarlo Family Trust UAD 11/02/98, indicating a substantial continuing ownership position.
Insider Trade Summary
Exercise Price or Tax Liability: 30,036 shares
Exercise Price or Tax Liability
2 txns
Insider
Giancarlo Charles H
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 30,036 | $74.61 | $2.24M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,819,597 shares (Direct);
Class A Common Stock — 731,414 shares (Indirect, By Trust)
Footnotes (2)
- F1. Represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of the Reporting Person's equity awards, previously reported on a Form 4, and does not represent a sale by the Reporting Person.
- F2. Shares are held by the Giancarlo Family Trust UAD 11/02/98.
Key Figures
Tax-withholding shares: 30,036 shares
Withholding price: $74.61 per share
Direct holdings after transaction: 1,819,597 shares
+1 more
4 metrics
Tax-withholding shares
30,036 shares
Shares withheld to satisfy income tax obligations on vesting equity awards
Withholding price
$74.61 per share
Value used for tax-withholding disposition of Class A Common Stock
Direct holdings after transaction
1,819,597 shares
Class A Common Stock directly owned after tax-withholding event
Indirect trust holdings
731,414 shares
Class A Common Stock held by Giancarlo Family Trust UAD 11/02/98
Key Terms
tax-withholding disposition, equity awards, Class A Common Stock, Form 4, +1 more
5 terms
tax-withholding disposition financial
"The main activity was a tax-withholding disposition of 30,036 shares at $74.61 per share"
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.
equity awards financial
"in connection with the vesting and net settlement of the Reporting Person's equity awards"
Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.
Class A Common Stock financial
"involving Class A Common Stock. The main activity was a tax-withholding disposition"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Form 4 regulatory
"previously reported on a Form 4, and does not represent a sale"
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.
Giancarlo Family Trust UAD 11/02/98 financial
"Shares are held by the Giancarlo Family Trust UAD 11/02/98."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Everpure (P) CEO Giancarlo Charles H report in this Form 4?
The CEO reported a tax-withholding disposition of Everpure Class A Common Stock and updated his holdings. Shares were withheld to cover tax obligations from vesting equity awards, while he maintained substantial direct and indirect ownership positions in the company’s stock.
What are the indirect Everpure (P) holdings reported in the Giancarlo Family Trust?
The filing reports 731,414 shares of Everpure Class A Common Stock held indirectly through the Giancarlo Family Trust UAD 11/02/98. These trust-held shares supplement the CEO’s direct holdings, contributing to his overall economic exposure to the company’s equity.
Does this Everpure (P) Form 4 indicate an open-market sale by the CEO?
No, the footnote explicitly states the transaction does not represent a sale by the reporting person. Shares were withheld by Everpure to meet income tax withholding and remittance obligations related to vesting equity awards, a common non-market, administrative transaction.
What type of transaction code appears in this Everpure (P) Form 4?
The key transaction uses code “F,” which denotes payment of an exercise price or tax liability by delivering securities. Here, Everpure withheld shares to cover income tax obligations upon vesting of equity awards, rather than the CEO selling shares on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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