Rocket Companies (RKT) CBO reports tax withholding of vested RSU shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rocket Companies, Inc. Chief Business Officer William D. Banfield reported a tax-related share disposition. On April 7, 2026, 8,056 shares of Class A common stock were forfeited at $15.03 per share to cover tax withholding obligations tied to vesting restricted stock units under the company’s 2020 Omnibus Incentive Plan. After this transaction, he directly holds 901,884 Class A shares. The filing also lists direct holdings of 2,826,979 shares of Class L-1 common stock and 2,826,979 shares of Class L-2 common stock as of the same date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Banfield William D.
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A common stock | 8,056 | $15.03 | $121K |
| holding | Class L-1 common stock | -- | -- | -- |
| holding | Class L-2 common stock | -- | -- | -- |
Holdings After Transaction:
Class A common stock — 901,884 shares (Direct);
Class L-1 common stock — 2,826,979 shares (Direct);
Class L-2 common stock — 2,826,979 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withholding shares: 8,056 shares
Withholding price: $15.03 per share
Post-transaction Class A holding: 901,884 shares
+2 more
5 metrics
Tax-withholding shares
8,056 shares
Class A common stock forfeited on April 7, 2026
Withholding price
$15.03 per share
Value used for tax-withholding disposition
Post-transaction Class A holding
901,884 shares
Class A common stock held directly after disposition
Class L-1 holding
2,826,979 shares
Class L-1 common stock held directly as of April 7, 2026
Class L-2 holding
2,826,979 shares
Class L-2 common stock held directly as of April 7, 2026
Key Terms
restricted stock units, 2020 Omnibus Incentive Plan, tax withholding obligations, Class A common stock, +2 more
6 terms
restricted stock units financial
"upon the vesting of restricted stock units granted by the Issuer"
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.
2020 Omnibus Incentive Plan financial
"granted by the Issuer under its 2020 Omnibus Incentive Plan"
tax withholding obligations financial
"shares forfeited to pay tax withholding obligations upon the vesting"
Class A common stock financial
"security_title": "Class A common stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class L-1 common stock financial
"security_title": "Class L-1 common stock""
Class L-2 common stock financial
"security_title": "Class L-2 common stock""
FAQ
What insider transaction did Rocket Companies (RKT) report for William D. Banfield?
Rocket Companies reported that William D. Banfield had 8,056 Class A shares forfeited to cover tax withholding. This occurred upon vesting of restricted stock units granted under the 2020 Omnibus Incentive Plan and was not an open-market stock sale.
Was the Rocket Companies (RKT) insider transaction an open-market sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were forfeited to satisfy tax obligations triggered by vesting restricted stock units granted under Rocket Companies’ 2020 Omnibus Incentive Plan.