Teladoc officer sells shares to cover RSU taxes
Teladoc Health Chief Accounting Officer Joseph Ronald Catapano reported routine equity compensation activity and a small related share sale.
Rhea-AI Filing Summary
Teladoc Health Chief Accounting Officer Joseph Ronald Catapano reported routine equity compensation activity and a small related share sale. On April 1, 2026, restricted stock units converted into 2,083 shares of Teladoc common stock on a one-for-one basis at a conversion price of $0.00.
On April 2, 2026, he sold 675 common shares at $5.114 per share solely to cover the tax withholding obligation tied to the RSU vesting, rather than as a discretionary open-market sale. After these transactions, he directly held 10,249 common shares.
The filing notes that on October 1, 2024, he was granted 25,000 restricted stock units, with one-third vesting on the first anniversary of the grant and the remainder vesting in eight substantially equal quarterly installments thereafter.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Catapano Joseph Ronald
Role
Chief Accounting Officer
Sold
675 shs ($3K)
Approx. gross sale proceeds
$3K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 675 | $5.114 | $3K |
| Exercise | Restricted Stock Units | 2,083 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,083 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 12,501 contracts (Direct);
Common Stock — 10,249 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert to shares of TDOC common stock on a one-for-one basis.
- F2. Shares sold to cover the tax withholding obligation in respect of vesting of the reporting person's restricted stock unit awards.
- F3. On October 1, 2024, the reporting person was granted 25,000 restricted stock units, vesting one-third on the first anniversary of the grant date, with the remainder vesting in eight substantially equal quarterly installments thereafter.
Key Figures
Tax-related share sale: 675 shares at $5.114
RSUs converted: 2,083 shares at $0.00
Shares held after transactions: 10,249 shares
+2 more
5 metrics
Tax-related share sale
675 shares at $5.114
Common stock sold on April 2, 2026 to cover tax withholding
RSUs converted
2,083 shares at $0.00
Restricted stock units converting one-for-one into common stock on April 1, 2026
Shares held after transactions
10,249 shares
Direct Teladoc common stock holdings following April 2026 transactions
RSU grant size
25,000 restricted stock units
Granted on October 1, 2024 with staged vesting over time
RSU vesting structure
1/3 then eight quarterly installments
One-third vests after one year, remainder in eight substantially equal quarterly installments
Key Terms
Restricted stock units, tax withholding obligation, vest, one-for-one basis
4 terms
Restricted stock units financial
"Restricted stock units convert to shares of TDOC 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 obligation financial
"Shares sold to cover the tax withholding obligation in respect of vesting of the reporting person's restricted stock unit awards."
vest financial
"vesting one-third on the first anniversary of the grant date, with the remainder vesting in eight substantially equal quarterly installments thereafter."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
one-for-one basis financial
"Restricted stock units convert to shares of TDOC common stock on a one-for-one basis."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Teladoc (TDOC) report for Joseph Ronald Catapano?
Teladoc’s Chief Accounting Officer Joseph Ronald Catapano had 2,083 restricted stock units convert into common stock and sold 675 shares. The sale was specifically to cover tax withholding on the RSU vesting, not a discretionary open-market sale.
What restricted stock unit grant does the Teladoc (TDOC) CAO have outstanding?
He was granted 25,000 restricted stock units on October 1, 2024. One-third of this award vests on the first anniversary of the grant date, with the remaining units vesting in eight substantially equal quarterly installments thereafter, subject to continued service conditions.
How do the Teladoc (TDOC) RSUs convert into common stock for the CAO?
The restricted stock units convert into Teladoc common stock on a one-for-one basis. In this filing, 2,083 RSUs converted into 2,083 common shares at a stated conversion price of $0.00 per share, reflecting non-cash equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
