Qnity CEO reports RSU tax share withholding
Qnity Electronics, Inc. Chief Executive Officer Jon D. Kemp reported a tax-related share disposition on restricted stock units.
Rhea-AI Filing Summary
Qnity Electronics, Inc. Chief Executive Officer Jon D. Kemp reported a tax-related share disposition on restricted stock units. On this Form 4, 546.8583 shares of common stock were withheld at a price of $110.975 per share to cover taxes on lapsed RSUs and associated dividend equivalent units. After this tax-withholding disposition, Kemp directly holds 87,360.707 shares of Qnity Electronics common stock.
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Insider Trade Summary
Exercise Price or Tax Liability: 546.8583 shares
Exercise Price or Tax Liability
1 txn
Insider
Kemp Jon D.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 546.8583 | $110.975 | $61K |
Holdings After Transaction:
Common Stock — 87,360.707 shares (Direct)
Footnotes (1)
- F1. Taxes withheld on lapsed RSUs and associated dividend equivalent units.
FAQ
What did Qnity Electronics (Q) CEO Jon D. Kemp report on this Form 4?
Jon D. Kemp reported a tax-withholding disposition of Qnity Electronics common stock. 546.8583 shares were withheld to satisfy taxes on lapsed RSUs and dividend equivalent units, rather than sold in an open-market transaction.
Was the Qnity Electronics (Q) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 describes a tax-withholding disposition, where 546.8583 shares were retained by the company to cover taxes on lapsed restricted stock units and related dividend equivalent units.
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