Planet Labs (PL) CFO has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Planet Labs PBC President & CFO Ashley F. Johnson reported routine share withholding for taxes related to vesting restricted stock units (RSUs). On this Form 4, 91,530 shares of Class A Common Stock were withheld by the company at $30.58 per share to cover withholding tax liability, and no shares were sold by Johnson.
After the transaction, Johnson directly holds 1,277,924 shares of Class A Common Stock and indirectly holds 525,708 shares through the Johnson Joint Revocable Trust. The position also includes 1,132,122 RSUs that vest in equal quarterly installments on the 15th of March, June, September and December, each representing the right to receive one share of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Johnson Ashley F.
Role
President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 91,530 | $30.58 | $2.80M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,277,924 shares (Direct, null);
Class A Common Stock — 525,708 shares (Indirect, Johnson Joint Revocable Trust)
Footnotes (1)
- No shares were sold by the reporting person. The transaction disclosed represents shares of the issuer's Class A Common Stock withheld by the issuer in payment of the withholding tax liability incurred upon the vesting of restricted stock units ("RSUs"). Includes 1,132,122 RSUs that vest in equal quarterly installments on the 15th of March, June, September and December. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date.
Key Figures
Tax-withheld shares: 91,530 shares
Withholding price: $30.58 per share
Direct holdings after transaction: 1,277,924 shares
+2 more
5 metrics
Tax-withheld shares
91,530 shares
Shares withheld to cover RSU-related tax liability
Withholding price
$30.58 per share
Price used for RSU tax-withholding disposition
Direct holdings after transaction
1,277,924 shares
Class A Common Stock held directly by Johnson after withholding
Indirect holdings after transaction
525,708 shares
Class A Common Stock held via Johnson Joint Revocable Trust
Outstanding RSUs
1,132,122 RSUs
RSUs vesting quarterly on March 15, June 15, September 15, December 15
Key Terms
restricted stock units ("RSUs"), withholding tax liability, Class A Common Stock, Johnson Joint Revocable Trust
4 terms
restricted stock units ("RSUs") financial
"represents shares of the issuer's Class A Common Stock withheld by the issuer in payment of the withholding tax liability incurred upon the vesting of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
withholding tax liability financial
"shares of the issuer's Class A Common Stock withheld by the issuer in payment of the withholding tax liability incurred upon the vesting of restricted stock units"
Class A Common Stock financial
"shares of the issuer's Class A Common Stock withheld by the issuer in payment of the withholding tax liability"
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.
Johnson Joint Revocable Trust financial
"Class A Common Stock, ... indirect, nature_of_ownership: Johnson Joint Revocable Trust"
FAQ
What insider transaction did Planet Labs (PL) report for Ashley F. Johnson?
Planet Labs reported that President & CFO Ashley F. Johnson had 91,530 shares of Class A Common Stock withheld to cover RSU-related tax obligations. This was a tax-withholding disposition by the issuer, not an open-market sale by Johnson.
What RSU position does Ashley F. Johnson have at Planet Labs (PL)?
Ashley F. Johnson holds 1,132,122 restricted stock units (RSUs) that vest in equal quarterly installments on March 15, June 15, September 15, and December 15. Each RSU represents a contingent right to receive one share of Class A Common Stock.
What does transaction code F mean in Ashley F. Johnson’s Planet Labs (PL) filing?
Transaction code F indicates shares used to pay exercise price or tax liability. In this filing, 91,530 Planet Labs Class A shares were withheld by the company to cover withholding tax from RSU vesting, not to execute a discretionary sale.