Rockwell Medical (RMTI) SVP Chole reports 2,444-share tax withholding on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ROCKWELL MEDICAL, INC. senior vice president and chief commercial officer Timothy Chole reported a routine tax-related share disposition. On the vesting of restricted stock units, 2,444 shares of common stock were withheld at $0.90 per share to cover estimated tax obligations. Following this withholding, he directly holds 122,855 shares of Rockwell Medical common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chole Timothy
Role
SVP and CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,444 | $0.90 | $2K |
Holdings After Transaction:
Common Stock — 122,855 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Rockwell Medical (RMTI) report for Timothy Chole?
Rockwell Medical reported that SVP and CCO Timothy Chole had 2,444 common shares withheld to cover estimated tax obligations tied to restricted stock unit vesting, rather than executing an open-market stock sale.
Was the Rockwell Medical (RMTI) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition. 2,444 shares were withheld from Timothy Chole’s restricted stock unit vesting at $0.90 per share to satisfy estimated tax liabilities, not sold on the open market.
What does transaction code F mean in the Rockwell Medical (RMTI) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 2,444 Rockwell Medical common shares were withheld from restricted stock unit vesting to cover estimated tax obligations for Timothy Chole.
What role does Timothy Chole hold at Rockwell Medical (RMTI) in this Form 4?
In this Form 4, Timothy Chole is identified as Rockwell Medical’s senior vice president and chief commercial officer. The reported activity involves shares withheld for tax purposes related to his restricted stock unit compensation.