TriMas (NYSE: TRS) General Counsel receives stock grant with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TRIMAS CORP reported a routine equity compensation event for its General Counsel and Secretary, Jodi F. Robin. She received a grant of 5,422 shares of common stock at no cost, then had 2,388 shares withheld at a price of $35.04 per share to cover tax obligations. After these transactions, she directly holds 39,191 shares of common stock, showing that the net effect was an increase in her ownership rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Robin Jodi F.
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,422 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,388 | $35.04 | $84K |
Holdings After Transaction:
Common Stock — 41,579 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did TRIMAS CORP (TRS) report for Jodi F. Robin?
TRIMAS CORP reported that Jodi F. Robin received a grant of 5,422 shares of common stock and had 2,388 shares withheld to cover tax liabilities. These are compensation-related entries, not open-market purchases or sales, and reflect standard equity award activity.
Was the TRIMAS CORP (TRS) Form 4 an open-market buy or sell?
The Form 4 does not show any open-market buying or selling. It records a grant of 5,422 common shares and a tax-withholding disposition of 2,388 shares, which are compensation and payroll-related events rather than discretionary market trades in TRIMAS CORP stock.
What does the tax-withholding transaction mean in the TRIMAS CORP (TRS) filing?
The tax-withholding entry shows 2,388 shares disposed of at $35.04 per share to satisfy tax obligations on the equity award. This is categorized as a tax-withholding disposition, meaning shares were delivered for taxes instead of cash, not an open-market sale decision.
What is the net effect of the reported Form 4 on Jodi F. Robin’s TRIMAS CORP (TRS) holdings?
The net effect is an increase in her direct holdings. She received 5,422 shares and had 2,388 shares withheld for taxes, resulting in a higher remaining balance of 39,191 shares of TRIMAS CORP common stock after the transactions were recorded.