Procore executive reports tax share withholding
Procore Technologies, Inc. executive Steven Scott Davis, President of Product & Technology, reported a tax-related share disposition linked to restricted stock units.
Rhea-AI Filing Summary
Procore Technologies, Inc. executive Steven Scott Davis, President of Product & Technology, reported a tax-related share disposition linked to restricted stock units. The transaction involved 6,946 shares of common stock at $52.02 per share, withheld by the company to cover taxes upon RSU vesting, leaving him with 189,568 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 6,946 shares
Exercise Price or Tax Liability
1 txn
Insider
Davis Steven Scott
Role
President Product & Technology
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 6,946 | $52.02 | $361K |
Holdings After Transaction:
Common Stock — 189,568 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 Steven Scott Davis?
Procore executive Steven Scott Davis reported a tax-withholding disposition of 6,946 shares of common stock. The shares were withheld by the company to cover taxes triggered by the vesting of restricted stock units granted to him.
Was the Procore Technologies (PCOR) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. It was a tax-withholding disposition where 6,946 shares were withheld by Procore to satisfy Davis’s tax obligation from vesting restricted stock units.
What is Steven Scott Davis’s role at Procore Technologies (PCOR)?
Steven Scott Davis serves as Procore Technologies’ President of Product & Technology. His Form 4 filing reflects a tax-related share disposition connected to restricted stock unit vesting, rather than discretionary buying or selling on the open market.
What does transaction code F mean in the Procore Technologies (PCOR) Form 4?
Transaction code F indicates a tax-withholding disposition, not a voluntary trade. In this case, 6,946 shares were delivered back to Procore to satisfy Davis’s tax liability resulting from the vesting of restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.