RCM Technologies exec sells 706 shares at $41.12
Rhea-AI Filing Summary
RCM TECHNOLOGIES, INC. (RCMT) reported that officer Michael Saks, Division President, HC Services, had 706 shares of Common Stock sold on 2026-08-21 at $41.12 per share. According to the footnote, these shares were sold solely to cover the payment of withholding taxes on the vesting of previously reported performance-based RSUs. Following this tax-related sale, Saks directly held 88,601 shares of RCMT common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 706 shares
Net Sell
1 txn
Insider
Saks Michael
Role
Division President, HC Srvs.
Sold
706 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 706 | $41.12 | $29K |
Holdings After Transaction:
Common Stock — 88,601 shares (Direct)
Footnotes (1)
- F1. Shares sold to cover the payment of withholding taxes on the vesting of performance-based RSUs previously reported on Form 4.
Key Figures
Shares sold: 706 shares
Sale price per share: $41.12 per share
Shares owned after transaction: 88,601 shares
3 metrics
Shares sold
706 shares
Common Stock sold on 2026-08-21 to cover withholding taxes
Sale price per share
$41.12 per share
Price for the 706 RCMT shares sold on 2026-08-21
Shares owned after transaction
88,601 shares
Direct holdings of Michael Saks after the reported sale
Key Terms
withholding taxes, performance-based RSUs, Form 4
3 terms
withholding taxes financial
"Shares sold to cover the payment of withholding taxes on the vesting"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
performance-based RSUs financial
"on the vesting of performance-based RSUs previously reported on Form 4"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
Form 4 regulatory
"performance-based RSUs previously reported on 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 RCMT report for Michael Saks on this Form 4?
RCM TECHNOLOGIES, INC. reported that officer Michael Saks had 706 shares of common stock sold on 2026-08-21 at $41.12 per share, tied to the vesting of performance-based RSUs.
Was the RCMT Form 4 sale by Michael Saks a discretionary stock sale?
The filing states the 706 shares were sold to cover withholding taxes on the vesting of performance-based RSUs previously reported on Form 4, indicating a tax-related sale rather than a discretionary portfolio trade.
What is the role of Michael Saks at RCMT mentioned in this Form 4?
Michael Saks is identified as an officer of RCM TECHNOLOGIES, INC., holding the title Division President, HC Srvs., in the insider ownership information attached to the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.