SAIC (SAIC) EVP uses 1,233 shares to settle tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Science Applications International Corp executive Kathleen T. McCarthy reported a small share disposition related to taxes, not an open-market trade. On this Form 4, 1,233 shares of common stock were delivered at $114.35 per share to cover tax obligations.
After this tax-withholding disposition, she directly holds 12,014 shares of SAIC common stock. This reflects a routine compensation-related event rather than a discretionary purchase or sale in the market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McCarthy Kathleen T.
Role
EVP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,233 | $114.35 | $141K |
Holdings After Transaction:
Common Stock — 12,014 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withholding shares: 1,233 shares
Price per share: $114.35 per share
Post-transaction holdings: 12,014 shares
3 metrics
Tax-withholding shares
1,233 shares
Shares delivered to cover tax liability, code F
Price per share
$114.35 per share
Value used for the 1,233-share tax disposition
Post-transaction holdings
12,014 shares
Direct SAIC common stock held after transaction
Key Terms
tax-withholding disposition, Common Stock, Payment of exercise price or tax liability by delivering securities
3 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Payment of exercise price or tax liability by delivering securities financial
""transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transaction did SAIC executive Kathleen McCarthy report?
Kathleen McCarthy reported a tax-withholding disposition of 1,233 SAIC shares. These shares of common stock were delivered to satisfy tax obligations at $114.35 per share, rather than sold in an open-market transaction, and are part of routine equity compensation mechanics.
What does transaction code F mean in the SAIC Form 4 filing?
Transaction code F indicates shares delivered to pay taxes or exercise costs. In this SAIC filing, 1,233 common shares were used as payment of tax liability by delivering securities, rather than being sold through an open-market transaction.