Planet Labs insider reports tax share withholding
Planet Labs PBC co-founder and chief strategy officer Robert H. Schingler reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
Planet Labs PBC co-founder and chief strategy officer Robert H. Schingler reported a routine tax-related share disposition. On the RSU vesting date, 54,116 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 in the market. Following this, Schingler directly holds 890,134 shares of Class A Common Stock and indirectly holds 250,171 shares through the Ulysses Trust 02021.1. Footnotes also indicate 744,984 restricted stock units that vest in equal quarterly installments, each RSU representing a right to receive one share.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 54,116 | $30.58 | $1.65M |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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").
- F2. Includes 744,984 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
Key Terms
restricted stock units ("RSUs") financial
withholding tax liability financial
indirect ownership financial
tax-withholding disposition financial
FAQ
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What did Planet Labs (PL) insider Robert Schingler report in this Form 4?
What are the RSUs mentioned in Robert Schingler’s Planet Labs (PL) filing?
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