Resources Connection (RGP) COO Tax Withholding of 3,443 RSUs, Ownership Updated
Rhea-AI Filing Summary
Bhadreskumar Patel, COO of Resources Connection, Inc. (RGP), reported a transaction dated 08/08/2025 involving the company’s common stock.
The filing shows 3,443.4237 shares were withheld by the issuer to satisfy tax withholding obligations related to the payout of vested restricted stock units previously granted to the reporting person, including an adjustment of 0.4237 shares for fractional shares. The entry lists a price of $4.6 and indicates 126,704.6975 shares beneficially owned following the transaction, held directly.
Positive
- Reporting officer retains substantial direct ownership of 126,704.6975 shares after the withholding event, according to the filing.
Negative
- None.
Insights
TL;DR: Routine tax-withholding on vested RSUs; modest share movement with direct ownership remaining substantial.
The Form 4 documents a withholding of 3,443.4237 shares to satisfy tax obligations from vested restricted stock units. This is described explicitly in the filing and includes a 0.4237-share adjustment for fractional shares. The reported post-transaction direct beneficial ownership is 126,704.6975 shares. Based solely on the facts provided, the transaction is procedural and tied to compensation settlement rather than a voluntary sale.
TL;DR: Compensation-related withholding; indicates continued direct ownership by an executive rather than a disposition for diversification.
The filing states the shares were withheld by the issuer to satisfy tax withholding on vested RSUs. The reporting person is listed as an officer (COO). The record shows the price field as $4.6 and the remaining direct ownership of 126,704.6975 shares. From the document alone, this appears to be an administrative stock-withholding event tied to equity compensation payout.