TransUnion (NYSE: TRU) CFO logs 18,253-share tax withholding on vested performance units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TransUnion EVP & CFO Todd M. Cello reported an automatic share withholding tied to equity compensation, not an open-market trade. On the vesting of performance share units granted on June 1, 2023, the company withheld 18,253 shares of common stock at $68.60 per share to cover tax liabilities. After this tax-withholding disposition, Cello directly holds 149,698 shares of TransUnion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cello Todd M
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 18,253 | $68.60 | $1.25M |
Holdings After Transaction:
Common Stock — 149,698 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 18,253 shares
Withholding price: $68.60 per share
Shares held after transaction: 149,698 shares
+1 more
4 metrics
Shares withheld for taxes
18,253 shares
Tax-withholding disposition on performance share unit vesting
Withholding price
$68.60 per share
Value used for tax-withholding shares
Shares held after transaction
149,698 shares
Direct holdings following tax withholding
Tax-withholding transactions
1 transaction, 18,253 shares
Summary of F-code tax-withholding disposition
Key Terms
performance share units, tax liability, withheld, tax-withholding disposition
4 terms
tax liability financial
"in payment of tax liability incident to the vesting"
withheld financial
"Reflects shares of Common Stock withheld by the Company"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did TransUnion (TRU) EVP & CFO Todd Cello report in this Form 4?
Todd Cello reported a tax-withholding disposition, not an open-market trade. The company withheld shares of TransUnion common stock to cover taxes due on vesting performance share units granted on June 1, 2023.
Was this TransUnion (TRU) Form 4 an open-market sale by Todd Cello?
No, it was not an open-market sale. The Form 4 shows a tax-withholding disposition where TransUnion withheld shares to cover tax liability from vesting performance share units, a routine administrative step in stock-based compensation.