Rockwell Medical (RMTI) CFO has shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Neri Jesse
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,444 | $0.90 | $2K |
Holdings After Transaction:
Common Stock — 122,398 shares (Direct)
Footnotes (1)
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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.