Procore SVP has shares withheld for taxes
Rhea-AI Filing Summary
PROCORE TECHNOLOGIES, INC. senior vice president and corporate controller William Fred Fleming Jr. reported a tax-withholding disposition, where 1,643 shares of common stock were withheld by the company at $52.02 per share to satisfy taxes on vested RSUs, leaving him with 66,913 shares directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 1,643 shares
Exercise Price or Tax Liability
1 txn
Insider
Fleming William Fred Jr
Role
SVP, Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,643 | $52.02 | $85K |
Holdings After Transaction:
Common Stock — 66,913 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting of restricted stock units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Procore Technologies (PCOR) report for William Fred Fleming Jr.?
Procore reported a tax-withholding disposition for William Fred Fleming Jr. involving 1,643 shares of common stock. The company withheld these shares to cover taxes triggered when his restricted stock units vested, rather than executing an open-market sale.
Was William Fred Fleming Jr.’s Procore (PCOR) Form 4 transaction an open-market sale?
The transaction was not an open-market sale; it was a tax-withholding disposition. Procore withheld 1,643 shares to satisfy a tax obligation arising from restricted stock units vesting, as explicitly described in the Form 4 footnote, rather than selling shares into the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.