Everpure (P) accounting chief has 2,864 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Everpure, Inc. Chief Accounting Officer Mona Chu reported a tax-related share withholding tied to her equity awards. The issuer withheld 2,864 shares of Class A common stock at $74.61 per share to cover income tax obligations upon vesting, which the filing states does not represent a sale by her. After this transaction, she directly holds 136,636 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chu Mona
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 2,864 | $74.61 | $214K |
Holdings After Transaction:
Class A Common Stock — 136,636 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,864 shares
Withholding price per share: $74.61 per share
Shares held after transaction: 136,636 shares
3 metrics
Shares withheld for taxes
2,864 shares
Tax-withholding disposition of Class A Common Stock
Withholding price per share
$74.61 per share
Value used for tax-withholding shares
Shares held after transaction
136,636 shares
Direct ownership following withholding
Key Terms
tax-withholding disposition, net settlement, equity awards, Class A Common Stock
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the 2,864 shares"
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.
net settlement financial
"in connection with the vesting and net settlement of the Reporting Person's equity awards"
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
"security_title: "Class A Common Stock" in the reported transaction"
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.
FAQ
What did Everpure (P) officer Mona Chu report in this Form 4?
Mona Chu reported that 2,864 Everpure Class A shares were withheld to cover income tax obligations on vesting equity awards. The filing clarifies this is a tax-withholding event, not an open-market sale of shares.
What is the transaction code "F" in Mona Chu’s Everpure (P) Form 4?
The transaction code "F" indicates a payment of exercise price or tax liability by delivering securities. Here, it reflects shares withheld by the issuer to cover Mona Chu’s income tax obligations on vesting equity awards, not a discretionary sale.