SAIC (SAIC) EVP DiFronzo reports 234-share tax withholding, holds 12,123 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Science Applications International Corp executive Vincent P. DiFronzo reported a small tax-related share disposition. On the transaction date, 234 shares of Common Stock were withheld at $99.57 per share to satisfy tax obligations related to equity compensation, a non‑market event.
Following this transaction, DiFronzo held 4,949 shares directly. An additional 7,174 shares were reported as held indirectly through a trust, indicating a larger overall economic interest in SAIC beyond the small tax-withholding amount.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DiFronzo Vincent P.
Role
EVP,-Air Force & Space, Intel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 234 | $99.57 | $23K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,949 shares (Direct);
Common Stock — 7,174 shares (Indirect, Trust)
Footnotes (1)
Key Figures
Tax-withheld shares: 234 shares
Tax-withholding price: $99.57 per share
Direct holdings after transaction: 4,949 shares
+1 more
4 metrics
Tax-withheld shares
234 shares
Shares delivered for tax liability on equity compensation
Tax-withholding price
$99.57 per share
Value used for 234-share tax-withholding disposition
Direct holdings after transaction
4,949 shares
Direct SAIC common stock owned following the Form 4 event
Indirect trust holdings
7,174 shares
SAIC common stock held indirectly through a trust
Key Terms
tax-withholding disposition, Common Stock, Trust, indirect ownership
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 234 shares"
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" in the reported transactions"
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.
Trust financial
"nature_of_ownership: "Trust" for the indirect holdings entry"
indirect ownership financial
"ownership_type: "indirect" for shares held through a trust"
FAQ
What did SAIC executive Vincent P. DiFronzo report in this Form 4 filing?
Vincent P. DiFronzo reported a tax-withholding disposition of 234 SAIC common shares. The shares were withheld to cover tax liabilities tied to equity compensation, not sold in the open market, and his overall holdings remain substantially larger than the withheld amount.
What does the “F” transaction code mean in this SAIC Form 4?
The “F” code indicates shares were used to pay an exercise price or tax liability, here as a tax-withholding disposition. It signals that 234 shares were delivered for taxes on equity compensation, rather than being voluntarily sold in the open market for investment reasons.