Planet Fitness (PLNT) CMO settles tax on RSU vesting with 220 withheld shares
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 220 shares
Net Sell
1 txn
Insider
Povinelli Brian
Role
Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A common stock | 220 | $73.62 | $16K |
Holdings After Transaction:
Class A common stock — 8,900 shares (Direct)
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.
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FAQ
What did Planet Fitness (PLNT) CMO Brian Povinelli report in this Form 4?
Brian Povinelli reported a tax-related share disposition. 220 Planet Fitness Class A shares were withheld to cover taxes on the vesting of 903 restricted stock units, a routine compensation and tax-settlement event rather than an open-market trade.
What triggered the tax-withholding transaction reported for Planet Fitness (PLNT)?
The transaction was triggered by the vesting of 903 restricted stock units. Under a prior written election, 220 Planet Fitness shares were withheld to pay the associated tax liability, which is standard practice for equity-based compensation awards.