Qnity counsel reports RSU tax-share withholding
Qnity Electronics, Inc. General Counsel Peter W. Hennessey reported a small share disposition related to taxes, not an open-market trade.
Rhea-AI Filing Summary
Qnity Electronics, Inc. General Counsel Peter W. Hennessey reported a small share disposition related to taxes, not an open-market trade. On the lapse of restricted stock units and associated dividend equivalents, 117.9467 shares of common stock were withheld at $110.9750 per share to cover tax liabilities. After this tax-withholding disposition, he directly owns 5,419.3138 common shares.
Positive
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Negative
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Insights
Small tax-withholding share disposition; no open-market selling.
The General Counsel of Qnity Electronics, Inc., Peter W. Hennessey, reported a Form 4 transaction coded "F" for 117.9467 common shares at $110.9750 per share. The filing describes this as a tax-withholding disposition tied to vesting restricted stock units and related dividend equivalents.
This means shares were withheld to satisfy tax obligations rather than sold in the market, so it does not signal discretionary selling. Following the transaction, he directly holds 5,419.3138 common shares. The event appears routine and administrative rather than thesis-changing for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 117.9467 | $110.975 | $13K |
Footnotes (1)
- F1. Taxes withheld on lapsed RSUs and associated dividend equivalent units
FAQ
What insider transaction did Qnity Electronics (Q) report for Peter W. Hennessey?
Was the Qnity Electronics (Q) Form 4 transaction an open-market sale?
What does transaction code "F" mean in the Qnity Electronics (Q) Form 4?
What role does Peter W. Hennessey hold at Qnity Electronics (Q) in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.