RGP president shares used for tax withholding
Resources Connection, Inc. President Michael Wayne Lane reported a tax-related share disposition tied to equity compensation.
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Rhea-AI Filing Summary
Resources Connection, Inc. President Michael Wayne Lane reported a tax-related share disposition tied to equity compensation. On the vesting of previously granted restricted stock units, 1,481.0387 shares of common stock were withheld by the company at $4.71 per share to satisfy tax withholding obligations and adjust for fractional shares. After this non-market transaction, Lane directly holds 198,220.8886 shares of Resources Connection common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,481.0387 | $4.71 | $7K |
Footnotes (1)
- F1. Represents shares withheld by the Issuer in accordance with the terms of the award to satisfy tax withholding obligations in connection with the payout of vested restricted stock units previously granted to the reporting person (such restricted stock units previously reported in Table I of Form 4). Also represents an adjustment of .0387 shares to adjust for fractional shares that were disregarded upon vesting of the restricted stock unit award.
Key Figures
Key Terms
restricted stock units financial
tax withholding obligations financial
Form 4 regulatory
FAQ
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What did RGP President Michael Wayne Lane report in this Form 4?
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