Qualys (NASDAQ: QLYS) legal chief covers tax bill with 2,270 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QUALYS, INC. chief legal officer Bruce K. Posey reported a routine tax-related share disposition. On May 1, 2026, 2,270 shares of common stock were withheld at $88.53 per share to cover his tax liability from vesting restricted stock units, rather than sold in the open market. After this withholding, he directly holds 68,685 Qualys shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
POSEY BRUCE K
Role
CHIEF LEGAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,270 | $88.53 | $201K |
Holdings After Transaction:
Common Stock — 68,685 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,270 shares
Withholding price per share: $88.53 per share
Shares held after transaction: 68,685 shares
3 metrics
Shares withheld for taxes
2,270 shares
Tax-withholding disposition on May 1, 2026
Withholding price per share
$88.53 per share
Value used for RSU tax withholding
Shares held after transaction
68,685 shares
Direct Qualys holdings after tax withholding
Key Terms
restricted stock units, tax liability, tax-withholding disposition, Form 4
4 terms
restricted stock units financial
"tax liability in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"shares were withheld to cover the Reporting Person's tax liability"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
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)"
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 insider transaction did Qualys (QLYS) report for Bruce K. Posey?
Qualys reported that chief legal officer Bruce K. Posey had 2,270 shares of common stock withheld to cover taxes on vesting restricted stock units. This was recorded as a tax-withholding disposition, not an open-market sale, and reflects routine payroll-style tax settlement.
What does transaction code "F" mean in the Qualys (QLYS) Form 4 filing?
Code "F" on the Qualys Form 4 indicates shares were disposed of to pay the exercise price or cover tax liability. Here, 2,270 shares were withheld specifically to satisfy Bruce K. Posey’s tax obligations from vesting restricted stock units, not a market sale.