Signet Jewelers (NYSE: SIG) officer has 1,610 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Signet Jewelers Ltd officer Joan M. Hilson reported a tax-withholding disposition of 1,610 common shares. The shares were withheld on March 17, 2026 to cover taxes when one-third of restricted stock units granted on March 17, 2023 vested.
The withholding price was the average of the high and low sale price of the common shares on the vesting date, at $85.25 per share. After this transaction, Hilson directly held 246,218.37 common shares, including 72,456.37 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
Hilson Joan M
Role
* See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares, par value $0.18 | 1,610 | $85.25 | $137K |
Holdings After Transaction:
Common Shares, par value $0.18 — 246,218.37 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 March 17, 2023. Reflects the average of the high and low sale price of the common shares on the date of vest. Includes 72,456.37 restricted stock units which are subject to certain vesting and forfeiture provisions.
FAQ
What insider transaction did Signet Jewelers (SIG) report for Joan M. Hilson?
Signet Jewelers reported that officer Joan M. Hilson had 1,610 common shares withheld to cover taxes. This occurred when one-third of her restricted stock units granted on March 17, 2023 vested on March 17, 2026.
Was the Signet Jewelers (SIG) insider transaction an open-market sale?
No, the transaction was not an open-market sale. It was a tax-withholding disposition, where 1,610 shares were withheld by the company at $85.25 per share to satisfy tax obligations upon restricted stock unit vesting.
What triggered the tax withholding in the Signet Jewelers (SIG) insider report?
The tax withholding was triggered when one-third of Hilson’s restricted stock units granted on March 17, 2023 vested. To cover related tax obligations, 1,610 common shares were withheld instead of conducting an open-market sale.
Do the restricted stock units in the Signet Jewelers (SIG) filing still have conditions?
Yes, 72,456.37 restricted stock units reported as part of Hilson’s holdings remain subject to vesting and forfeiture provisions. These conditions must be satisfied over time for the units to fully convert into unrestricted common shares.