Rockwell Medical (RMTI) CFO has shares withheld to cover taxes
Rhea-AI Filing Summary
Rockwell Medical Senior Vice President and CFO Jesse Neri reported a routine tax-related share withholding. 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. After this non-market disposition, Neri directly holds 122,398 shares of Rockwell Medical common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,444 shares
Net Sell
1 txn
Insider
Neri Jesse
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,444 | $0.90 | $2K |
Holdings After Transaction:
Common Stock — 122,398 shares (Direct)
Footnotes (1)
- F1. These shares were withheld from the vesting of restricted stock units to cover the estimated tax withholding obligation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Rockwell Medical (RMTI) report for CFO Jesse Neri?
Rockwell Medical reported that CFO Jesse Neri had 2,444 shares of common stock withheld to cover estimated taxes upon the vesting of restricted stock units. This is a non-market tax-withholding event rather than an open-market purchase or sale of shares.
Was the Rockwell Medical (RMTI) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 2,444 shares were withheld by the company from vested restricted stock units to satisfy estimated tax obligations, a standard administrative process rather than a discretionary sale in the open market by the CFO.
What does the F transaction code mean in the Rockwell Medical (RMTI) Form 4?
The F transaction code indicates shares were used to pay an exercise price or tax liability. In this case, 2,444 Rockwell Medical shares were withheld from restricted stock unit vesting to satisfy estimated tax withholding, making it a compensation-related administrative event, not a market trade.