Shoals CEO reports 104K shares withheld for taxes
Shoals Technologies Group, Inc. reported that Chief Executive Officer Brandon Moss had 104,386 shares of Class A common stock delivered or withheld to cover income tax liability related to the vesting of restricted stock units.
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Rhea-AI Filing Summary
Shoals Technologies Group, Inc. reported that Chief Executive Officer Brandon Moss had 104,386 shares of Class A common stock delivered or withheld to cover income tax liability related to the vesting of restricted stock units. The price used for tax reporting was $8.14 per share, based on the Nasdaq Global Market closing price on the vesting date. Following this tax-withholding disposition, Moss directly holds 1,041,482 shares of Class A common stock. The company states this event does not represent an open-market sale by Moss.
Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 104,386 | $8.14 | $850K |
Footnotes (2)
- F1. Represents shares of common stock that have been withheld by the Issuer to satisfy the income tax obligations of the Reporting Person in connection with the vesting of restricted stock units, and does not represent a sale by the Reporting Person.
- F2. Pursuant to the Shoals Technologies Group, Inc. 2021 Long-Term Incentive Plan, the closing price of the common stock on the Nasdaq Global Market on the date of vesting is used for purposes of computing tax reporting and withholding.
Key Figures
Key Terms
restricted stock units financial
withheld by the Issuer financial
2021 Long-Term Incentive Plan financial
closing price market
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Shoals Technologies Group (SHLS) CEO Brandon Moss report in this Form 4?
Was the Shoals Technologies Group (SHLS) CEO’s Form 4 transaction an open-market sale?
What plan governed the restricted stock units in the SHLS CEO Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.