Qnity Electronics (Q) CPO logs RSU-related tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Qnity Electronics, Inc. Chief People Officer Kathleen M. Fortebuono reported a routine tax-withholding disposition of common stock related to lapsed RSUs. On this Form 4, 107.071 shares were withheld at $110.9750 per share to cover taxes, leaving her with 6,717.6809 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fortebuono Kathleen M.
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 107.071 | $110.975 | $12K |
Holdings After Transaction:
Common Stock — 6,717.681 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Qnity Electronics (Q) report for Kathleen M. Fortebuono?
Qnity Electronics reported that Chief People Officer Kathleen M. Fortebuono had 107.071 common shares disposed to cover taxes. The shares were withheld in connection with lapsed RSUs and related dividend equivalents, rather than sold in an open-market transaction.
Was the Qnity Electronics (Q) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were automatically withheld to satisfy tax obligations on lapsed RSUs and dividend equivalent units, as indicated by transaction code F and the accompanying footnote.
What does transaction code F mean on the Qnity Electronics (Q) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, it reflects shares withheld to cover taxes on lapsed RSUs and associated dividend equivalents, rather than a discretionary market trade.