Reliance (RS) CFO reports stock grant and tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reliance, Inc. senior vice president and CFO Arthur Ajemyan received a grant of 8,864 shares of common stock, with no cash paid per share. On the same date, 4,511 shares were disposed of to cover tax obligations, a non-market transaction typically handled by the company or broker. After these transactions, he directly owned 19,079 common shares, with additional indirect holdings reported through the Reliance, Inc. Employee Stock Ownership Plan and the Reliance, Inc. 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Ajemyan Arthur
Role
SVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,864 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,511 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,590 shares (Direct);
Common Stock — 1,349 shares (Indirect, Held by Trustee of Reliance, Inc. Employee Stock Ownership Plan)
Footnotes (1)
FAQ
What insider stock transactions did RS CFO Arthur Ajemyan report?
Arthur Ajemyan reported receiving a grant of 8,864 Reliance, Inc. common shares and disposing of 4,511 shares for tax purposes. These were non-market transactions, reflecting equity compensation mechanics rather than open-market buying or selling activity.
What does the tax-withholding disposition in the RS Form 4 mean?
The 4,511-share tax-withholding disposition represents shares delivered to satisfy tax liabilities on the stock grant. This is a common administrative step in equity compensation and is distinct from discretionary selling in the open market.
How is the RS CFO’s indirect ownership in Reliance, Inc. reported?
Indirect ownership is reported through plan trustees. The Form 4 lists shares held by the trustee of the Reliance, Inc. Employee Stock Ownership Plan and shares held by the trustee of the Reliance, Inc. 401(k) Plan, both attributed to Arthur Ajemyan as indirect holdings.
What transaction codes appear in the Reliance, Inc. RS Form 4 for the CFO?
The Form 4 uses code A for an 8,864-share grant or award acquisition and code F for a 4,511-share tax-withholding disposition. Additional entries reflect updated indirect holdings in company benefit plans without specifying new buy or sell codes.