Resources Connection CEO RSU tax-withholding reduces shares by 10,000.6189
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
- None.
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.