Planet Fitness CMO has 220 shares withheld for taxes
Planet Fitness Chief Marketing Officer Brian Povinelli had 220 shares of Class A common stock withheld to cover taxes on restricted stock vesting.
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Rhea-AI Filing Summary
Planet Fitness Chief Marketing Officer Brian Povinelli had 220 shares of Class A common stock withheld to cover taxes on restricted stock vesting. The footnote explains these shares were retained by the company, pursuant to a prior written election, to pay taxes on the vesting of 903 restricted stock units. Following this tax-withholding disposition, Povinelli directly holds 8,900 shares of Planet Fitness Class A common stock. This is a routine compensation-related event rather than an open-market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A common stock | 220 | $73.62 | $16K |
Footnotes (1)
- F1. The reported transaction involved the withholding of 220 shares of stock, pursuant to a prior written election, to pay the taxes associated with the vesting of 903 restricted stock units.
FAQ
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What did Planet Fitness (PLNT) CMO Brian Povinelli report in this Form 4?
What triggered the tax-withholding transaction reported for Planet Fitness (PLNT)?
AI-generated analysis. How Rhea-AI works. Not financial advice.