Procore chair reports tax share withholding
Procore Technologies Chairman of the Board Craig F. Courtemanche Jr. reported a tax-related share disposition.
Rhea-AI Filing Summary
Procore Technologies Chairman of the Board Craig F. Courtemanche Jr. reported a tax-related share disposition. On the vesting of restricted stock units, 27,344 shares of common stock were withheld by the company to satisfy his tax obligation at a price of $52.02 per share.
After this, he directly owned 927,580 common shares. Indirectly, he held 2,692,461 shares through the Craig F. Courtemanche and Hillary Courtemanche Family Trust, 1,155,480 shares through the Courtemanche 2021 Irrevocable Trust, 527,349 shares through The Courtemanche 2016 Irrevocable Trust, and 23,736 shares through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 27,344 | $52.02 | $1.42M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting of restricted stock units.
- F2. These shares are held by the Craig F. Courtemanche and Hillary Courtemanche Family Trust dated as of November 1, 2012.
- F3. These shares are held by the Courtemanche 2021 Irrevocable Trust UA DTD 6/10/2021.
- F4. These shares are held by The Courtemanche 2016 Irrevocable Trust.
FAQ
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What insider transaction did PCOR Chairman Craig Courtemanche report?
Was the Procore (PCOR) insider transaction an open-market stock sale?
What does transaction code F mean in this Procore (PCOR) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.