Seven Hills CFO withholds 2,624 shares for tax
Seven Hills Realty Trust’s CFO reported a small share withholding transaction to cover taxes tied to vesting equity awards.
Rhea-AI Filing Summary
Seven Hills Realty Trust (SEVN) reported that its CFO and Treasurer, Matthew C. Brown, had 2,624 Common Shares of Beneficial Interest withheld on September 17, 2026 to satisfy a tax liability related to vesting equity, at a value of $7.40 per share. After this tax-withholding disposition, he held 32,364 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 2,624 shares
Tax Withholding
1 txn
Insider
Brown Matthew C.
Role
CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares of Beneficial Interest F1 | 2,624 | $7.40 | $19K |
Holdings After Transaction:
Common Shares of Beneficial Interest — 32,364 shares (Direct)
Footnotes (1)
- F1. Payment of tax liability by withholding securities incident to the vesting of the security issued in accordance with Rule 16b-3.
Key Figures
Shares withheld for tax: 2,624 shares
Share value for tax withholding: $7.40 per share
Direct holdings after transaction: 32,364 shares
+2 more
5 metrics
Shares withheld for tax
2,624 shares
Common Shares of Beneficial Interest withheld on September 17, 2026
Share value for tax withholding
$7.40 per share
Value used for the 2,624 withheld shares
Direct holdings after transaction
32,364 shares
CFO’s direct ownership following the September 17, 2026 transaction
Transaction code
Code F
Payment of tax liability by delivering or withholding securities
Shares applied to tax liability events
2,624 shares
Exercise price or tax liability-related shares in this filing
Key Terms
Common Shares of Beneficial Interest, tax liability, withholding securities, Rule 16b-3
4 terms
tax liability financial
"Payment of tax liability by withholding securities incident to the vesting"
withholding securities financial
"Payment of tax liability by withholding securities incident to the vesting"
Rule 16b-3 regulatory
"issued in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SEVN’s CFO report on this Form 4?
The CFO, Matthew C. Brown, reported a disposition of 2,624 SEVN common shares on September 17, 2026 through withholding of shares to pay a tax liability related to vesting equity.
Was the SEVN Form 4 transaction a market sale or purchase?
No. The Form 4 reports a code F transaction, meaning 2,624 shares were withheld to pay a tax liability upon vesting, rather than a market sale or open-market purchase.
Was the SEVN insider transaction made under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 plan is reported for this transaction, and the footnote describes it as withholding securities to pay tax liability upon vesting under Rule 16b-3.
AI-generated analysis. How Rhea-AI works. Not financial advice.