Sabre (SABR) EVP Jennifer Catto surrenders shares for tax withholding
Rhea-AI Filing Summary
Sabre Corp Executive Vice President Jennifer Catto reported a routine share disposition related to taxes, not an open-market trade. On the reported date, 62,743 shares of common stock were automatically surrendered to Sabre to satisfy tax withholding obligations upon vesting of restricted stock units.
After this tax-withholding transaction, Catto still directly held 766,429 shares of Sabre common stock. Because the shares were withheld by the company to cover taxes rather than sold in the market, this event reflects a standard administrative step tied to equity compensation rather than a discretionary buy or sell decision.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 62,743 shares
Net Sell
1 txn
Insider
CATTO JENNIFER
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 62,743 | $1.595 | $100K |
Holdings After Transaction:
Common Stock — 766,429 shares (Direct)
Footnotes (1)
- F1. This transaction represents the automatic surrender of shares to the Issuer upon vesting of restricted shares units to satisfy the Reporting Person's tax withholding obligations.
FAQ
What insider transaction did Sabre (SABR) EVP Jennifer Catto report?
Jennifer Catto reported an automatic surrender of 62,743 Sabre shares to the company. The shares were used to satisfy tax withholding obligations when restricted stock units vested, rather than being sold in the open market.
What does transaction code "F" mean in Jennifer Catto’s Sabre (SABR) filing?
Transaction code “F” indicates shares were disposed of to pay tax or exercise costs. In this case, 62,743 shares were automatically surrendered to Sabre to satisfy Jennifer Catto’s tax withholding obligations on vested restricted stock units.
Does Jennifer Catto’s Sabre (SABR) Form 4 indicate an options exercise?
The filing describes a tax-withholding disposition tied to restricted stock unit vesting, not an options exercise. Shares were automatically surrendered to Sabre when RSUs vested, solely to satisfy tax withholding obligations owed by the executive.
AI-generated analysis. How Rhea-AI works. Not financial advice.