PVH (PVH) executive has shares withheld to cover RSU tax obligations
Rhea-AI Filing Summary
PVH CORP. Global Brand President, TH, Goldman Lea Rytz reported two share dispositions related to tax withholding rather than open-market sales. On the vesting of 1,709 restricted stock units, 846 shares of common stock were withheld at $90.74 per share to cover tax obligations, leaving 27,956 shares directly held, including 26,230 shares subject to unvested restricted stock units. On a separate vesting of 3,074 restricted stock units, 1,522 shares were withheld at $90.74 per share for taxes, leaving 26,434 shares directly held, including 23,156 shares subject to unvested restricted stock units. These transactions reflect routine tax withholding connected to equity compensation, with the executive retaining a substantial equity stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,368 shares
Net Sell
2 txns
Insider
Goldman Lea Rytz
Role
Global Brand President, TH
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, $1 par value | 846 | $90.74 | $77K |
| Exercise Price or Tax Liability | Common Stock, $1 par value | 1,522 | $90.74 | $138K |
Holdings After Transaction:
Common Stock, $1 par value — 26,434 shares (Direct)
Footnotes (4)
- F1. Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting of 1,709 restricted stock units. The restricted stock units previously were reported as directly owned shares.
- F2. Includes 26,230 shares of Common Stock subject to unvested awards of restricted stock units.
- F3. Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting of 3,074 restricted stock units. The restricted stock units previously were reported as directly owned shares.
- F4. Includes 23,156 shares of Common Stock subject to unvested awards of restricted stock units.
Key Figures
Tax-withheld shares (first vesting): 846 shares
Tax-withheld shares (second vesting): 1,522 shares
Total tax-withheld shares: 2,368 shares
+5 more
8 metrics
Tax-withheld shares (first vesting)
846 shares
Common stock withheld at $90.74 per share for taxes on 1,709 RSUs
Tax-withheld shares (second vesting)
1,522 shares
Common stock withheld at $90.74 per share for taxes on 3,074 RSUs
Total tax-withheld shares
2,368 shares
Aggregate shares withheld to satisfy tax obligations on RSU vesting
Withholding price
$90.74 per share
Value used to determine tax-withholding share count on both transactions
Shares after first transaction
27,956 shares
Directly held common shares after first tax-withholding disposition
Shares after second transaction
26,434 shares
Directly held common shares after second tax-withholding disposition
Unvested RSUs (earlier figure)
26,230 shares
Common stock subject to unvested restricted stock unit awards in earlier footnote
Unvested RSUs (later figure)
23,156 shares
Common stock subject to unvested restricted stock unit awards in later footnote
Key Terms
restricted stock units, tax obligations, unvested awards, Common Stock, $1 par value, +1 more
5 terms
restricted stock units financial
"in connection with the vesting of 1,709 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
"shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting"
unvested awards financial
"Includes 26,230 shares of Common Stock subject to unvested awards of restricted stock units."
Common Stock, $1 par value financial
"security_title": "Common Stock, $1 par value""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did PVH (PVH) report for Goldman Lea Rytz?
PVH reported two insider transactions where Goldman Lea Rytz had shares withheld to cover tax obligations on vesting restricted stock units. The events involved 846 and 1,522 common shares, both treated as routine tax-withholding dispositions rather than open-market stock sales.
Were PVH insider transactions by Goldman Lea Rytz open-market stock sales?
No, the reported transactions were not open-market sales. They were shares of PVH common stock withheld by the company at $90.74 per share to satisfy Goldman Lea Rytz’s tax obligations when restricted stock units vested, a standard equity compensation mechanism.
What role do restricted stock units play in PVH executive compensation?
Restricted stock units give PVH executives the right to receive common shares as they vest over time. For Goldman Lea Rytz, the filing notes vestings of 1,709 and 3,074 units, with shares withheld for taxes and thousands of additional shares remaining subject to unvested RSU awards.