RESIDEO (REZI) CFO reports tax-withholding share disposition, holds 166,706 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RESIDEO TECHNOLOGIES, INC. Chief Financial Officer Michael Carlet reported a routine tax-related share disposition. On this Form 4, 1,944 shares of Common Stock were withheld at $29.22 per share to satisfy tax liabilities, rather than being sold in the open market.
Following this tax-withholding disposition, Carlet directly holds 166,706 shares of Common Stock. A footnote also clarifies that his earlier Form 3 filing had understated his direct holdings by 100 shares, correcting his reported ownership history.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Carlet Michael
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,944 | $29.22 | $57K |
Holdings After Transaction:
Common Stock — 166,706 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,944 shares
Withholding price: $29.22 per share
Shares held after transaction: 166,706 shares
+2 more
5 metrics
Shares withheld for taxes
1,944 shares
Tax-withholding disposition of Common Stock
Withholding price
$29.22 per share
Value used for tax-withholding transaction
Shares held after transaction
166,706 shares
Direct Common Stock holdings post-transaction
Tax-withholding transactions
1 transaction, 1,944 shares
Summary of F-code dispositions in this filing
Prior Form 3 understatement
100 shares
Correction to previously reported direct holdings
Key Terms
tax-withholding disposition, Common Stock, Form 3, Form 4, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the F-code event"
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.
Common Stock financial
"security_title: "Common Stock" in the reported transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 3 regulatory
"footnote notes the reporting person's Form 3 filed on August 13, 2024"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) describing this insider 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.
transaction code F regulatory
"transaction_code: "F" with description of tax liability payment"
FAQ
What insider transaction did RESIDEO (REZI) disclose for CFO Michael Carlet?
RESIDEO disclosed a tax-related share disposition by CFO Michael Carlet. On the reported date, 1,944 shares of Common Stock were withheld to cover tax liabilities, rather than sold on the open market, reflecting a routine administrative event rather than a discretionary trade.
Was the RESIDEO (REZI) CFO’s Form 3 ownership previously misstated?
Yes. A footnote explains that Michael Carlet’s Form 3 filed on August 13, 2024 understated his direct holdings by 100 shares. This Form 4 corrects that historical reporting detail while also disclosing the separate tax-withholding share disposition.
Does this RESIDEO (REZI) Form 4 indicate an open-market sale by the CFO?
No. The Form 4 lists a transaction with code F, described as a tax-withholding disposition. That means shares were delivered to satisfy tax obligations, not sold in an open market trade initiated by the CFO to change his investment exposure.