Qnity CPO reports tax-withholding share disposition
Qnity Electronics, Inc. Chief People Officer Kathleen M. Fortebuono reported a small tax-related share disposition.
Rhea-AI Filing Summary
Qnity Electronics, Inc. Chief People Officer Kathleen M. Fortebuono reported a small tax-related share disposition. On the lapse of restricted stock units, 308.2663 shares of common stock were withheld at $113.72 per share to cover taxes, as noted in the footnote. After this withholding event, she directly holds 6,409.4146 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 308.2663 shares
Exercise Price or Tax Liability
1 txn
Insider
Fortebuono Kathleen M.
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 308.2663 | $113.72 | $35K |
Holdings After Transaction:
Common Stock — 6,409.4146 shares (Direct)
Footnotes (1)
- F1. Taxes withheld on lapsed RSUs and associated dividend equivalent units
FAQ
What insider transaction did Qnity Electronics (Q) report for Kathleen M. Fortebuono?
Qnity Electronics reported a Form 4 for Chief People Officer Kathleen M. Fortebuono showing 308.2663 common shares withheld. The shares were used to satisfy tax obligations on lapsed restricted stock units and related dividend equivalent units, not an open-market sale.
Was the Qnity Electronics (Q) Form 4 transaction an open-market sale?
No, the Form 4 does not show an open-market sale. The 308.2663 shares of Qnity Electronics common stock were withheld to pay taxes on lapsed RSUs and dividend equivalents, classified as a tax-withholding disposition under transaction code F.
What does transaction code F mean in the Qnity Electronics (Q) Form 4?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this Qnity Electronics filing, 308.2663 shares were withheld to satisfy tax obligations on lapsed restricted stock units and dividend equivalent units, rather than being sold in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.