Revvity (NYSE: RVTY) director Singh surrenders shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REVVITY, INC. director and officer Prahlad R. Singh reported a tax-related share disposition. On the vesting of restricted stock originally granted on February 16, 2023, he surrendered 6,901 shares of common stock at $96.03 per share to satisfy tax withholding required under his Restricted Stock Agreement. After this transaction, he directly owns 113,312 common shares. An additional 46,583 common shares are held indirectly in an irrevocable trust for the sole benefit of his children, for which his spouse is trustee; he disclaims beneficial ownership of those trust-held securities except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Singh Prahlad R.
Role
Please See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,901 | $96.03 | $663K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 113,312 shares (Direct);
Common Stock — 46,583 shares (Indirect, By Singh Family Trust of 2021)
Footnotes (1)
- These shares are being surrendered to satisfy a tax withholding obligation upon vesting of restricted stock originally granted on February 16, 2023, as required by the Reporting Person's Restricted Stock Agreement. Securities held in an irrevocable trust for the sole benefit of the Reporting Person's children. The Reporting Person's spouse is the trustee of the trust. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
FAQ
What did Prahlad R. Singh report in his latest Form 4 for RVTY?
Prahlad R. Singh reported surrendering 6,901 shares of Revvity common stock to cover tax withholding on vested restricted stock. This disposition was required under his Restricted Stock Agreement tied to an award originally granted on February 16, 2023.
Was the Revvity (RVTY) Form 4 transaction an open-market sale by Prahlad R. Singh?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. The 6,901 shares were surrendered to satisfy tax obligations upon vesting of restricted stock, as required by his Restricted Stock Agreement.
What transaction code was used in Prahlad R. Singh’s Revvity (RVTY) Form 4 filing?
The Form 4 uses transaction code “F,” indicating payment of a tax liability by delivering securities. This code aligns with the described surrender of 6,901 shares to cover tax withholding on vested restricted stock.