PVH (PVH) EVP reports tax withholding of shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PVH CORP. executive Erik W. Graf, EVP and Controller, reported a small disposition of stock tied to tax withholding rather than a market sale. On the vesting of 198 restricted stock units, 63 shares of common stock were withheld at $83.26 per share to satisfy his tax obligations. Following this withholding, he directly holds 12,547 shares of PVH common stock, including 10,466 shares subject to unvested restricted stock unit awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Graf Erik W.
Role
EVP, Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $1 par value | 63 | $83.26 | $5K |
Holdings After Transaction:
Common Stock, $1 par value — 12,547 shares (Direct, null)
Footnotes (1)
- Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting of 198 restricted stock units. The restricted stock units previously were reported as directly owned shares. Includes 10,466 shares of Common Stock subject to unvested awards of restricted stock units.
Key Figures
Shares withheld for taxes: 63 shares
Withholding price per share: $83.26 per share
Shares after transaction: 12,547 shares
+2 more
5 metrics
Shares withheld for taxes
63 shares
Withholding to satisfy tax obligations on RSU vesting
Withholding price per share
$83.26 per share
Value used for tax-withholding disposition
Shares after transaction
12,547 shares
Direct PVH common stock holdings following withholding
RSUs vested
198 restricted stock units
Vesting event that triggered tax withholding
Unvested RSU-related shares
10,466 shares
Common stock subject to unvested restricted stock unit awards
Key Terms
restricted stock units, tax obligations, unvested awards, Form 4
4 terms
restricted stock units financial
"Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting of 198 restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax obligations financial
"Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting of 198 restricted stock units."
unvested awards financial
"Includes 10,466 shares of Common Stock subject to unvested awards of restricted stock units."
Form 4 regulatory
"This insider activity was disclosed through a Form 4, reflecting a tax-withholding disposition rather than an open-market stock sale."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did PVH (PVH) executive Erik W. Graf report?
Erik W. Graf reported a tax-related share disposition, not an open-market trade. When 198 restricted stock units vested, 63 shares of PVH common stock were withheld at $83.26 per share to cover his tax obligations, as disclosed in the Form 4 filing.
Was Erik W. Graf’s PVH Form 4 transaction a stock sale on the market?
No, the transaction was a tax-withholding disposition, not a market sale. PVH withheld 63 shares from newly vested restricted stock units to satisfy Graf’s tax obligations, a routine administrative step that does not reflect an active decision to sell shares in the open market.
What PVH restricted stock unit activity triggered the tax withholding?
The tax withholding was triggered by the vesting of 198 restricted stock units. When these PVH units converted into common shares, 63 of the resulting shares were withheld to cover Erik W. Graf’s tax obligations, with the remainder added to his directly held share balance.
How many unvested PVH restricted stock units does Erik W. Graf have?
Erik W. Graf’s holdings include 10,466 PVH common shares subject to unvested restricted stock unit awards. These unvested RSUs represent equity compensation that will convert into additional shares over time as vesting conditions are met, increasing his direct stock ownership upon each vesting.