Qnity Electronics (Q) executive has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Qnity Electronics, Inc. President, Interconnect, Xu Chuck reported a tax-related share disposition. On the reported date, 343.6253 shares of common stock were withheld at $113.72 per share to cover taxes on lapsed RSUs and related dividend equivalents. After this withholding, Xu directly held 14,732.7185 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Xu Chuck
Role
President, Interconnect
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 343.625 | $113.72 | $39K |
Holdings After Transaction:
Common Stock — 14,732.719 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Qnity Electronics (Q) report for Xu Chuck?
Qnity Electronics reported a tax-withholding disposition by executive Xu Chuck. A total of 343.6253 common shares were withheld to satisfy taxes on lapsed restricted stock units and related dividend equivalent units, rather than being sold in an open-market transaction.
Was the Qnity Electronics (Q) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to pay taxes on vested restricted stock units and associated dividend equivalent units, a common administrative process for equity compensation.
What does transaction code F mean in the Qnity Electronics (Q) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering or withholding securities. In this case, Qnity Electronics withheld common shares from Xu Chuck to satisfy tax obligations on lapsed restricted stock units and dividend equivalent units.