Revvity insider surrenders shares for tax withholding
REVVITY, INC. director and officer Prahlad R. Singh reported a tax-related share disposition.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 6,901 | $96.03 | $663K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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
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What did Prahlad R. Singh report in his latest Form 4 for RVTY?
Was the Revvity (RVTY) Form 4 transaction an open-market sale by Prahlad R. Singh?
What transaction code was used in Prahlad R. Singh’s Revvity (RVTY) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.