Resources Connection (RGP) president uses shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lane Michael Wayne
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,481.039 | $4.71 | $7K |
Holdings After Transaction:
Common Stock — 198,220.889 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,481.0387 shares
Withholding price per share: $4.71 per share
Shares held after transaction: 198,220.8886 shares
3 metrics
Shares withheld for taxes
1,481.0387 shares
Common stock withheld to satisfy tax obligations on vested RSUs
Withholding price per share
$4.71 per share
Value used for tax-withholding disposition
Shares held after transaction
198,220.8886 shares
Direct ownership following tax-withholding disposition
Key Terms
restricted stock units, tax withholding obligations, Form 4
3 terms
restricted stock units financial
"in connection with the payout of vested restricted stock units previously granted to the reporting person"
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 withholding obligations financial
"to satisfy tax withholding obligations in connection with the payout of vested restricted stock units"
Form 4 regulatory
"such restricted stock units previously reported in Table I of 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 did RGP President Michael Wayne Lane report in this Form 4?
He reported a tax-withholding disposition of RGP shares. The company withheld 1,481.0387 common shares at $4.71 each to cover tax obligations from vested restricted stock units, leaving him with 198,220.8886 shares directly owned.