Signet Jewelers (NYSE: SIG) CAO has shares withheld to cover tax on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIGNET JEWELERS LTD Chief Accounting Officer Vincent Ciccolini had 369.67 common shares withheld to cover taxes when a portion of his equity award vested. The shares were valued at an average of $85.28 per share, based on the high and low prices on the vesting date.
The shares were withheld upon vesting of one-third of restricted stock units granted on April 2, 2025, so this was a tax-withholding disposition rather than an open-market sale. After the transaction, Ciccolini holds 45,214.46 common shares, including 5,696.76 restricted stock units that remain subject to vesting and forfeiture conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ciccolini Vincent
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares, par value $0.18 | 369.67 | $85.28 | $32K |
Holdings After Transaction:
Common Shares, par value $0.18 — 45,214.46 shares (Direct)
Footnotes (1)
- Reflects the number of shares withheld for tax purposes upon vesting of 1/3 of the restricted stock units granted on April 2, 2025. Reflects the average of the high and low sale price of the common shares on the date of vest. Includes 5,696.76 restricted stock units which are subject to certain vesting and forfeiture provisions.
Key Figures
Shares withheld for taxes: 369.67 shares
Valuation price per share: $85.28 per share
Shares held after transaction: 45,214.46 shares
+2 more
5 metrics
Shares withheld for taxes
369.67 shares
Withheld upon vesting of RSUs on April 2, 2026
Valuation price per share
$85.28 per share
Average of high and low sale prices on vesting date
Shares held after transaction
45,214.46 shares
Total common shares beneficially owned following tax withholding
Remaining restricted stock units
5,696.76 RSUs
Subject to vesting and forfeiture provisions after this event
Grant date for RSUs
April 2, 2025
Original grant date for restricted stock units that partially vested
Key Terms
restricted stock units, withheld for tax purposes, vesting, forfeiture provisions, +1 more
5 terms
restricted stock units financial
"Reflects the number of shares withheld for tax purposes upon vesting of 1/3 of the restricted stock units granted on April 2, 2025."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withheld for tax purposes financial
"Reflects the number of shares withheld for tax purposes upon vesting of 1/3 of the restricted stock units granted on April 2, 2025."
vesting financial
"Reflects the number of shares withheld for tax purposes upon vesting of 1/3 of the restricted stock units granted on April 2, 2025."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
forfeiture provisions financial
"Includes 5,696.76 restricted stock units which are subject to certain vesting and forfeiture provisions."
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.
FAQ
What did SIG’s Chief Accounting Officer report in this Form 4 filing?
The filing shows 369.67 SIGNET JEWELERS common shares were withheld for taxes upon restricted stock unit vesting. This was a tax-withholding disposition, not an open-market trade, related to equity compensation rather than a discretionary stock sale.
What restricted stock units are referenced in this SIG Form 4 footnote?
The footnotes reference restricted stock units granted on April 2, 2025, with one-third vesting on the transaction date. They also note 5,696.76 remaining restricted stock units, which are still subject to vesting schedules and potential forfeiture conditions.