Qnity Electronics (NYSE: Q) CPO has shares withheld to cover RSU taxes
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 transaction related to equity compensation. On the lapsed vesting of RSUs and associated dividend equivalent units, 418.0197 shares of common stock were withheld at $149.7550 per share to cover tax obligations. After this non-market disposition, she directly holds 8459.5604 shares of common stock.
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 | 418.02 | $149.755 | $63K |
Holdings After Transaction:
Common Stock — 8,459.56 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 418.0197 shares
Withholding share value: $149.7550 per share
Shares held after transaction: 8459.5604 shares
+1 more
4 metrics
Shares withheld for taxes
418.0197 shares
Tax-withholding disposition on lapsed RSUs and dividend equivalent units
Withholding share value
$149.7550 per share
Value applied to withheld Qnity Electronics common stock
Shares held after transaction
8459.5604 shares
Direct common stock ownership following tax withholding
Tax-withholding shares total
418.0197 shares
Reported in transactionSummary as taxWithholdingShares
Key Terms
RSUs, dividend equivalent units, tax-withholding disposition, Form 4
4 terms
RSUs financial
"Taxes withheld on lapsed RSUs and associated dividend equivalent units"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
dividend equivalent units financial
"Taxes withheld on lapsed RSUs and associated dividend equivalent units"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for Form 4 code F"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) reports this executive transaction"
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 did Qnity Electronics (Q) insider Kathleen Fortebuono report in this Form 4?
Kathleen M. Fortebuono, Chief People Officer of Qnity Electronics, reported a tax-withholding disposition of 418.0197 common shares. The shares were withheld to cover taxes on lapsed RSUs and related dividend equivalent units, not sold in the open market.
Was the Qnity Electronics (Q) insider transaction an open-market sale or a tax event?
The transaction was a tax event, not an open-market sale. Shares were withheld to pay taxes on lapsed restricted stock units and dividend equivalent units, consistent with a Form 4 code F tax-withholding disposition, rather than a discretionary sale.