Revvity (RVTY) VP Anita Gonzales surrenders shares for RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REVVITY, INC. Vice President and Chief Accounting Officer Anita Gonzales reported a small, routine tax-related share disposition. On the vesting of restricted stock units originally granted on June 15, 2023, 33 shares of common stock were surrendered to cover a tax withholding obligation, as required by her Restricted Stock Unit Agreement. After this withholding event, she directly holds 7,286 shares of REVVITY common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gonzales Anita
Role
Vice President and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 33 | $99.66 | $3K |
Holdings After Transaction:
Common Stock — 7,286 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares surrendered for tax: 33 shares
Per-share valuation: $99.66 per share
Shares held after transaction: 7,286 shares
+1 more
4 metrics
Shares surrendered for tax
33 shares
Tax withholding on RSU vesting
Per-share valuation
$99.66 per share
Value used for tax-withholding disposition
Shares held after transaction
7,286 shares
Direct holdings of common stock after withholding
RSU grant date
June 15, 2023
Original grant date of vested restricted stock units
Key Terms
restricted stock units, tax withholding obligation, Restricted Stock Unit Agreement, Form 4
4 terms
restricted stock units financial
"vesting of restricted stock units originally granted on June 15, 2023"
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.
tax withholding obligation financial
"being surrendered to satisfy a tax withholding obligation upon vesting"
Restricted Stock Unit Agreement financial
"as required by the Reporting Person's Restricted Stock Unit Agreement"
A restricted stock unit agreement is a written contract between a company and an individual that describes a promise to deliver company shares or cash later, subject to conditions such as time-based vesting or performance targets. Think of it like a timed gift: the recipient only receives the shares if they meet the agreed conditions. Investors care because these agreements create future share issuance, affect potential dilution, corporate expenses and incentives for insiders, and influence when insiders may sell shares.
Form 4 regulatory
"The Form 4 reflects a tax withholding event, not a market sale."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did REVVITY (RVTY) report for Anita Gonzales?
REVVITY reported that Vice President and CAO Anita Gonzales surrendered 33 common shares to cover tax withholding on vesting restricted stock units. This was a mechanistic tax-withholding disposition, not an open-market trade, and left her with 7,286 directly held shares.
Was the REVVITY (RVTY) Form 4 a market sale or a tax withholding event?
The Form 4 reflects a tax withholding event, not a market sale. Gonzales surrendered 33 common shares to satisfy a tax withholding obligation tied to vesting restricted stock units under her Restricted Stock Unit Agreement with REVVITY.
What caused the tax withholding disposition reported by REVVITY (RVTY)?
The disposition arose from the vesting of restricted stock units granted on June 15, 2023. Under Gonzales’s Restricted Stock Unit Agreement, 33 shares were automatically surrendered to satisfy a tax withholding obligation when those units vested, a standard administrative mechanism.