SITE Centers (SITC) EVP & General Counsel reports tax-withholding share transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SITE Centers Corp. executive Aaron Kitlowski, EVP & General Counsel, reported a tax-related share transaction. On February 22, he disposed of 1,284 common shares at $6.65 per share in a tax-withholding disposition, a method where shares are withheld to cover tax liabilities. After this transaction, he directly holds 113,098 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kitlowski Aaron
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 1,284 | $6.65 | $9K |
Holdings After Transaction:
Common Shares — 113,098 shares (Direct)
Footnotes (1)
FAQ
What did SITE Centers (SITC) executive Aaron Kitlowski report on this Form 4?
Aaron Kitlowski reported a tax-withholding disposition of SITE Centers common shares. He used 1,284 shares to satisfy tax obligations tied to equity compensation, rather than selling shares on the open market, and continues to hold a large remaining stake.
What does the transaction code F mean for SITE Centers (SITC) Form 4?
Transaction code F on the Form 4 indicates a tax-withholding disposition. In this case, shares of SITE Centers were delivered to pay the exercise price or tax liability associated with equity compensation, rather than being sold as a discretionary open-market transaction.
Is Aaron Kitlowski’s SITE Centers (SITC) Form 4 filing an open-market sale?
No, the filing reflects a tax-withholding disposition, not a typical open-market sale. Code F means shares were used to cover tax or exercise costs related to equity awards, while the executive continues to directly hold over one hundred thousand SITE Centers shares.