Planet Fitness CEO shares withheld for RSU taxes
Planet Fitness, Inc. reported a routine tax-related share disposition by Chief Executive Officer Colleen Keating.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Planet Fitness, Inc. reported a routine tax-related share disposition by Chief Executive Officer Colleen Keating. On the vesting of 8,725 restricted stock units, 4,219 shares of Class A common stock were withheld at a price of $73.62 per share to cover tax obligations.
These shares were not sold on the open market; they were retained by the company to satisfy taxes due on the equity award. After this transaction, Keating directly holds 136,511 shares of Planet Fitness Class A common stock, indicating she continues to maintain a substantial equity stake.
Insights
CEO’s filing shows routine tax withholding on RSU vesting, not an open-market sale.
The filing shows Colleen Keating, CEO of Planet Fitness, had 4,219 shares withheld to pay taxes on the vesting of 8,725 restricted stock units. Code F events like this are mechanical and tied to compensation, not discretionary trading.
The shares were valued at $73.62 each for tax purposes, and Keating still directly owns 136,511 shares afterward. Because the disposition is small relative to her holdings and not market-driven, it provides limited insight into her view of the stock and is best seen as routine administration of equity compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A common stock | 4,219 | $73.62 | $311K |
Footnotes (1)
- F1. The reported transaction involved the withholding of 4,219 shares of stock, pursuant to a prior written election, to pay the taxes associated with the vesting of 8,725 restricted stock units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Planet Fitness (PLNT) CEO Colleen Keating report in this Form 4?
Was the Planet Fitness (PLNT) CEO’s Form 4 a stock sale on the open market?
What does transaction code F mean in the Planet Fitness (PLNT) CEO’s Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.