Signet (NYSE: SIG) CAO has 286 shares withheld for RSU tax obligations
Rhea-AI Filing Summary
SIGNET JEWELERS LTD Chief Accounting Officer Vincent Ciccolini had 286 common shares withheld for taxes in connection with the vesting of one-third of a restricted stock unit grant from March 17, 2023. The withholding price was an average of $85.25 per share based on that day’s high and low prices.
After this tax-withholding disposition, Ciccolini directly holds 43,407.13 common shares, including 5,251.13 restricted stock units that remain subject to vesting and forfeiture conditions. This reflects a routine compensation-related tax event rather than an open-market trade.
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FAQ
What insider transaction did SIGNET JEWELERS (SIG) report for Vincent Ciccolini?
The company reported a tax-withholding disposition of 286 common shares for Chief Accounting Officer Vincent Ciccolini. The shares were withheld to cover taxes triggered when a portion of previously granted restricted stock units vested.
Was the SIGNET JEWELERS (SIG) Form 4 a market sale of shares?
No, the Form 4 shows a tax-withholding event, not an open-market sale. Shares were withheld by the company to satisfy tax obligations upon RSU vesting, a common, non-discretionary compensation-related transaction.
At what price were the withheld SIGNET JEWELERS (SIG) shares valued?
The 286 withheld common shares were valued at an average price of $85.25 per share. This reflects the average of the high and low sale prices of Signet common shares on the RSU vesting date.
How many SIGNET JEWELERS (SIG) shares does Vincent Ciccolini hold after this transaction?
Following the tax-withholding disposition, Vincent Ciccolini directly holds 43,407.13 common shares of Signet. This total includes 5,251.13 restricted stock units that are still subject to vesting and forfeiture provisions.
What triggered the tax-withholding on SIGNET JEWELERS (SIG) shares for Ciccolini?
The tax-withholding was triggered when one-third of a restricted stock unit grant originally awarded on March 17, 2023 vested. Upon vesting, the company withheld 286 shares to cover associated tax liabilities.