Turtle Beach (TBCH) CFO exercises RSUs, shares withheld for taxes
Rhea-AI Filing Summary
Turtle Beach Corp Chief Financial Officer Mark Weinswig reported routine equity compensation activity involving restricted stock units (RSUs) and common stock. On May 3, 2026, RSUs were converted into 6,688 shares of common stock on a one-for-one basis, reflecting a standard derivative exercise at an exercise price of $0.00 per share.
Of the shares tied to this vesting, 2,404 common shares at $11.22 per share were withheld to satisfy tax withholding obligations, a non-market disposition. Following these transactions, Weinswig directly held 20,641 shares of common stock and 7,338 underlying shares associated with RSUs that continue to vest over time under previously granted awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,284 shares
Net Buy
4 txns
Insider
WEINSWIG MARK
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,688 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,688 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,404 | $11.22 | $27K |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 80,912 shares (Direct);
Common Stock — 20,641 shares (Direct)
Footnotes (5)
- F1. Restricted stock units ("RSUs") were converted into common stock on a one-for-one basis.
- F2. Represents shares withheld to satisfy tax withholding obligations upon the vesting of RSUs awarded to the reporting person.
- F3. The securities are RSUs units representing a contingent right to receive one share of Turtle Beach Corporation common stock or, cash with a value equal to the fair market value of the underlying common stock or, a combination thereof.
- F4. These RSUs vest in equal quarterly installments until February 3, 2029.
- F5. One-quarter of these RSUs will vest on April 1, 2027, with the remainder of the RSUs vesting in equal annual installments until April 1, 2030.
Key Figures
RSUs converted: 6,688 shares
Tax withholding shares: 2,404 shares
Tax withholding price: $11.22 per share
+3 more
6 metrics
RSUs converted
6,688 shares
RSUs converted to common stock on May 3, 2026
Tax withholding shares
2,404 shares
Shares withheld to satisfy tax obligations on vesting
Tax withholding price
$11.22 per share
Reported price for withheld common stock shares
Common stock held after
20,641 shares
Direct Turtle Beach common stock holdings post-transaction
Remaining RSU underlying shares
7,338 shares
Underlying common shares tied to remaining RSUs
RSU exercise price
$0.00 per share
Exercise price for RSUs converted to common stock
Key Terms
Restricted Stock Units, tax withholding obligations, derivative security, contingent right
4 terms
Restricted Stock Units financial
"Restricted stock units ("RSUs") were converted into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations upon the vesting of RSUs"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"RSUs units representing a contingent right to receive one share of Turtle Beach Corporation common stock or, cash"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Turtle Beach (TBCH) CFO Mark Weinswig report in this Form 4?
He reported routine equity compensation activity. RSUs converted into common stock, and some shares were withheld to cover tax obligations, updating his direct holdings in Turtle Beach common shares and RSUs.
What are Mark Weinswig’s Turtle Beach holdings after these transactions?
After these transactions, he directly held 20,641 shares of Turtle Beach common stock. He also had RSUs representing 7,338 underlying common shares, which continue to vest over multiple future dates according to their award schedules.
How do Turtle Beach CFO’s RSUs vest over time after this Form 4?
Some RSUs vest in equal quarterly installments until February 3, 2029. Another RSU grant vests with one-quarter on April 1, 2027, and the remaining units vesting in equal annual installments until April 1, 2030, subject to award terms.
Was this Turtle Beach Form 4 a market sale by the CFO?
The filing shows no open-market sale. Instead, it records RSU conversion into common stock and a tax-withholding disposition, where 2,404 shares were withheld to pay taxes, a routine mechanism rather than a discretionary stock sale.