Sable Offshore insider sells shares for tax withholding
Sable Offshore Corp. executive disposed of common stock primarily to cover taxes on vested restricted shares.
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Rhea-AI Filing Summary
Sable Offshore Corp. executive disposed of common stock primarily to cover taxes on vested restricted shares. On this date, Anthony Duenner sold 279,081 shares of common stock at an average price of $16.6893 per share to satisfy tax withholding obligations tied to restricted stock vesting.
After the transaction, he held 470,919 common shares directly and an additional 50,000 shares indirectly through family trusts, indicating he retains a substantial equity stake in the company.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 279,081 | $16.6893 | $4.66M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. The sale reported herein represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock.
Key Figures
Key Terms
restricted stock financial
tax withholding obligations financial
open-market sale financial
Family Trusts financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sable Offshore (SOC) insider Anthony Duenner do in this transaction?
Was the Sable Offshore (SOC) insider sale linked to restricted stock vesting?
AI-generated analysis. How Rhea-AI works. Not financial advice.