RGP: CEO Kate Duchene withholds 10,001 RSUs; owns 564,516 (Form 4)
Kate Duchene, listed as a Director and President & CEO of Resources Connection (RGP), reported an issuer-withheld transaction tied to the payout of previously granted restricted stock units.
Rhea-AI Filing Summary
Kate Duchene, listed as a Director and President & CEO of Resources Connection (RGP), reported an issuer-withheld transaction tied to the payout of previously granted restricted stock units. On 08/08/2025 the issuer withheld 10,000.6189 shares to satisfy tax withholding obligations and made a fractional-share adjustment of 0.6189 shares. The Form 4 shows a reported price of $4.6 related to the withholding and records 564,515.9828 shares beneficially owned by Ms. Duchene after the transaction.
The filing is a routine administrative report of equity compensation settlement rather than a market sale or open-market transaction; it documents the mechanics of RSU vesting and tax withholding and confirms ongoing direct ownership at the reported level.
Positive
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Negative
- None.
Insights
TL;DR: Routine issuer withholding of vested RSUs; modest reduction in outstanding direct shares, no market sale reported.
The Form 4 documents an issuer-withheld disposition of 10,000.6189 shares on 08/08/2025 to satisfy tax obligations tied to vested restricted stock units, with a reported price of $4.6. After withholding, direct beneficial ownership is reported as 564,515.9828 shares. This is a common administrative outcome of executive equity vesting and does not represent an open-market sale that would typically signal liquidity needs or signal a material change in ownership percentage.
TL;DR: Executive RSU vesting and tax withholding; governance implications are routine and limited.
The filing explicitly states the shares were withheld by the issuer to satisfy tax withholding on vested restricted stock units and includes a fractional-share adjustment of 0.6189 shares. Ms. Duchene remains a direct beneficial owner of 564,515.9828 shares and continues in roles reported on the form. From a governance perspective, this is a standard compensation settlement disclosure that documents alignment through equity ownership rather than a governance event or change in control.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 10,000.6189 | $4.60 | $46K |
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 .6189 shares to adjust for fractional shares that were disregarded upon vesting of the restricted stock unit award.
FAQ
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What transaction did RGP's CEO report on the Form 4?
What is Kate Duchene's relationship to Resources Connection (RGP)?
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