Resources Connection (RGP) president withholds 4,739 shares to cover RSU taxes
Rhea-AI Filing Summary
RESOURCES CONNECTION, INC. President Scott Glenn Rottmann reported a Form 4 transaction in which 4,738.7089 shares of common stock were withheld at $4.20 per share to satisfy tax withholding obligations on vested restricted stock units. Following this tax-withholding disposition, he directly holds 208,811.3152 shares, including 3,000 shares purchased through the company’s Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,738.7089 shares
Net Sell
1 txn
Insider
Rottmann Scott Glenn
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 4,738.7089 | $4.20 | $20K |
Holdings After Transaction:
Common Stock — 208,811.3152 shares (Direct)
Footnotes (2)
- 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 3). Also represents an adjustment of .7089 shares to adjust for fractional shares that were disregarded upon vesting of the restricted stock unit award.
- F2. Includes 3,000 shares purchased through the Resources Connection, Inc. Employee Stock Purchase Plan.
Key Figures
Shares withheld for taxes: 4,738.7089 shares
Reference price per share: $4.20 per share
Shares held after transaction: 208,811.3152 shares
+1 more
4 metrics
Shares withheld for taxes
4,738.7089 shares
Shares delivered or withheld to satisfy tax withholding on vested RSUs
Reference price per share
$4.20 per share
Price reported for the tax-withholding disposition of common stock
Shares held after transaction
208,811.3152 shares
Direct common stock holdings following the tax-withholding disposition
ESPP shares included in holdings
3,000 shares
Shares purchased through the Employee Stock Purchase Plan included in total holdings
Key Terms
restricted stock units, Employee Stock Purchase Plan, tax withholding obligations
3 terms
restricted stock units financial
"tax withholding obligations in connection with the payout of vested 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.
Employee Stock Purchase Plan financial
"Includes 3,000 shares purchased through the Resources Connection, Inc. Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax withholding obligations financial
"shares withheld by the Issuer ... to satisfy tax withholding obligations in connection with the payout"
FAQ
What insider transaction did RGP President Scott Glenn Rottmann report on this Form 4?
RGP President Scott Glenn Rottmann reported a disposition of 4,738.7089 shares of common stock, withheld to cover tax withholding obligations related to vested restricted stock units, at a reference price of $4.20 per share.
Was the RGP (RGP) insider’s Form 4 transaction a market sale or tax withholding?
The Form 4 for RGP shows no open-market sale; instead, 4,738.7089 shares were delivered or withheld to satisfy tax withholding obligations connected with the payout of vested restricted stock units.
Does the RGP Form 4 indicate any Rule 10b5-1 trading plan for this insider transaction?
The document-level Rule 10b5-1 checkbox is not checked, and the footnotes do not reference any trading plan, indicating this tax-withholding disposition was not reported as conducted under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.