Prestige Consumer (PBH) SVP Zerillo sells shares, withholds stock for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prestige Consumer Healthcare Senior VP of Operations Jeffrey Zerillo reported an open-market sale of 305 shares of common stock at $54.36 per share. A separate transaction shows 351 shares withheld at $54.59 per share to cover tax obligations, a non-market event.
After these transactions, Zerillo directly holds 42,161 shares of Prestige Consumer Healthcare common stock, indicating that the reported sale represents only a small portion of his remaining stake.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 305 shares ($16,580)
Net Sell
2 txns
Insider
Zerillo Jeffrey
Role
Senior VP Operations
Sold
305 shs ($17K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share | 351 | $54.59 | $19K |
| Sale | Common Stock, par value $0.01 per share | 305 | $54.36 | $17K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 42,466 shares (Direct, null)
Footnotes (1)
Key Figures
Open-market sale: 305 shares
Sale price: $54.36/share
Tax-withholding shares: 351 shares
+3 more
6 metrics
Open-market sale
305 shares
Common stock sold at $54.36 per share
Sale price
$54.36/share
Price for 305-share open-market sale on common stock
Tax-withholding shares
351 shares
Shares disposed of to cover tax liability at $54.59
Tax-withholding price
$54.59/share
Value assigned to 351-share tax-withholding disposition
Shares after sale
42,161 shares
Directly held common shares following open-market sale
Shares after tax withholding
42,466 shares
Directly held common shares immediately after tax withholding
Key Terms
open-market sale, tax-withholding disposition, Common Stock, par value $0.01 per share, Form 4
4 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
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 Prestige Consumer (PBH) report for Jeffrey Zerillo?
Prestige Consumer reported that Senior VP of Operations Jeffrey Zerillo sold 305 shares of common stock in an open-market transaction. In a separate move, 351 shares were withheld to cover tax obligations, leaving him with 42,161 directly held shares after the transactions.
What does the tax-withholding transaction mean in the Prestige Consumer (PBH) Form 4?
The filing shows 351 Prestige Consumer shares were disposed of as a tax-withholding transaction at $54.59 per share. This means shares were surrendered to cover tax liabilities, not sold on the market, and is typically a routine administrative step tied to equity compensation.
Are the Prestige Consumer (PBH) insider transactions by Jeffrey Zerillo mainly sales or tax-related?
The Form 4 shows one open-market sale of 305 shares and one tax-withholding disposition of 351 shares. The open-market trade is a genuine sale, while the withholding transaction is a non-market event used to satisfy equity-related tax obligations.