Sportradar (SRAD) legal chief granted RSUs as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sportradar Group AG Chief Legal Officer Michael Connolly Miller reported routine equity compensation activity involving Class A Ordinary Shares. The company withheld 1,813 shares at a price of $16.74 per share to cover tax withholding obligations tied to vesting restricted share units, and no shares were sold in the market. He also received a grant of 17,889 restricted share units that vest in equal annual installments over four years, each RSU representing one Class A Ordinary Share. Following these transactions, he holds 73,914 Class A Ordinary Shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MILLER MICHAEL CONNOLLY
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Ordinary Shares | 1,813 | $16.74 | $30K |
| Grant/Award | Class A Ordinary Shares | 17,889 | $0.00 | -- |
Holdings After Transaction:
Class A Ordinary Shares — 56,025 shares (Direct)
Footnotes (1)
- Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with vesting of restricted share units ("RSUs"). No shares were sold in the market as a result of the vesting of these RSUs and the satisfaction of tax withholding obligations. Represents an award of RSUs that will vest in equal annual installments on the first, second, third and fourth anniversaries of the grant date. Each RSU represents a contingent right to receive one Class A Ordinary Share.
Key Figures
Tax withholding shares: 1,813 shares
Tax withholding price: $16.74 per share
RSU award size: 17,889 RSUs
+1 more
4 metrics
Tax withholding shares
1,813 shares
Withheld to satisfy tax withholding obligations on RSU vesting
Tax withholding price
$16.74 per share
Value used for 1,813 withheld Class A Ordinary Shares
RSU award size
17,889 RSUs
Grant vesting in four equal annual installments
Shares held after transactions
73,914 Class A Ordinary Shares
Direct ownership after reported Form 4 transactions
Key Terms
restricted share units ("RSUs"), tax withholding obligations, Class A Ordinary Share, grant, award, or other acquisition
4 terms
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with vesting"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transactions did Sportradar (SRAD) report for Michael Connolly Miller?
Sportradar reported that Chief Legal Officer Michael Connolly Miller had 1,813 Class A Ordinary Shares withheld to cover tax obligations and received 17,889 restricted share units as an equity award. These are routine compensation-related transactions rather than open-market share purchases or sales.
What equity award did the Sportradar (SRAD) Chief Legal Officer receive?
Michael Connolly Miller received an award of 17,889 restricted share units. These RSUs will vest in equal annual installments on the first, second, third, and fourth anniversaries of the grant date, with each unit representing a contingent right to one Class A Ordinary Share.
What does the tax withholding transaction in Sportradar’s (SRAD) Form 4 mean?
The tax withholding transaction reflects 1,813 shares retained by Sportradar to cover Miller’s tax obligations when his restricted share units vested. This is recorded as a disposition in the Form 4 but does not represent an open-market sale of shares to third-party investors.