Everpure CFO shares withheld for tax on vesting
Everpure, Inc. Chief Financial Officer Tarek Robbiati reported a Form 4 showing a tax-related share disposition.
Rhea-AI Filing Summary
Everpure, Inc. Chief Financial Officer Tarek Robbiati reported a Form 4 showing a tax-related share disposition. On the vesting and net settlement of previously granted equity awards, 23,337 shares of Class A common stock were withheld by the company at $65.45 per share to cover income tax obligations, which the footnote states does not represent a sale by the executive. After this withholding, Robbiati directly holds 340,161 shares of Class A common stock.
Positive
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Negative
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Insights
Routine tax withholding on vesting; no open-market trading signal.
The transaction involves 23,337 Everpure Class A shares withheld at $65.45 to satisfy tax obligations on vesting equity awards. The footnote explicitly clarifies this is not a sale by CFO Tarek Robbiati, but a mechanical settlement method.
Following the withholding, Robbiati holds 340,161 shares directly, indicating the event is small relative to his total position. Because there was no open-market purchase or sale, this filing mainly updates ownership records rather than signaling a change in the executive’s view of the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 23,337 | $65.45 | $1.53M |
Footnotes (1)
- F1. Represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of the Reporting Person's equity awards, previously reported on a Form 4, and does not represent a sale by the Reporting Person.
FAQ
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What insider transaction did Everpure (PSTG) disclose for CFO Tarek Robbiati?
What does transaction code "F" mean in the Everpure (PSTG) Form 4 filing?
Is the Everpure (PSTG) CFO’s Form 4 transaction considered a routine equity compensation event?
AI-generated analysis. How Rhea-AI works. Not financial advice.