TechTarget lawyer sells 4,146 shares to cover taxes
The sale was described as a sell-to-cover transaction for withholding taxes, not as a discretionary transaction.
Rhea-AI Filing Summary
TechTarget, Inc. lists Charles D. Rennick, identified as Vice President, General Counsel and Corporate Secretary of Informa TechTarget, in connection with 9,421 restricted stock units vesting and settling into common shares on September 22, 2026. The reported RSU balance after the vesting transaction was 18,841. On September 23, 2026, he sold 4,146 shares at an average $3.74 per share in a sell-to-cover transaction for withholding taxes; the sale was described as not discretionary.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Rennick Charles D
Role
See Remarks
Sold
4,146 shs ($16K)
Approx. gross sale proceeds
$16K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3, F4 | 4,146 | $3.74 | $16K |
| Exercise | Restricted Stock Units F1, F2, F5 | 9,421 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 9,421 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 18,841 contracts (Direct);
Common Stock — 41,028 shares (Direct)
Footnotes (5)
- F1. This transaction represents the settlement of restricted stock units ("RSUs") in shares of common stock on their scheduled vesting date.
- F2. Each RSU represents a contingent right to receive one share of TechTarget, Inc.'s ("Informa TechTarget") Common Stock upon vesting.
- F3. Reflects a "sell to cover" transaction to cover withholding taxes due in connection with Informa TechTarget's delivery to the Reporting Person of shares in settlement of restricted stock units. This "sell to cover" transaction in order to satisfy tax obligations does not represent a discretionary transaction by the Reporting Person.
- F4. The price reflected is the average price per share for the transactions that are aggregated and reported on the line. Shares ranged in price from $3.74 to $3.7473. The Reporting Person will provide to the Commission, the issuer and any stockholder, upon request, full information regarding the number of shares purchased or sold at each separate price.
- F5. This award was granted on September 22, 2025. 9,421 of the RSUs subject to the award vested on September 22, 2026, 9,421 of the RSUs are scheduled to vest on September 22, 2027, and 9,420 of the RSUs are scheduled to vest on September 22, 2028. Vested shares will be delivered to the Reporting Person on the applicable dates as set forth in the Reporting Person's award agreement with respect to each vesting tranche.
Key Figures
Shares sold: 4,146 shares
Average sale price: $3.74 per share
Reported sale price range: $3.74 to $3.7473 per share
+4 more
7 metrics
Shares sold
4,146 shares
Sale on September 23, 2026
Average sale price
$3.74 per share
Sale on September 23, 2026
Reported sale price range
$3.74 to $3.7473 per share
Aggregated sale transactions
RSUs vested and settled
9,421 RSUs
September 22, 2026
RSUs following transaction
18,841 RSUs
Reported after the September 22, 2026 vesting transaction
Scheduled RSU vesting
9,421 RSUs
Scheduled for September 22, 2027
Scheduled RSU vesting
9,420 RSUs
Scheduled for September 22, 2028
Key Terms
restricted stock units, sell to cover, vesting tranche, contingent right
4 terms
restricted stock units financial
"settlement of restricted stock units"
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.
sell to cover financial
"sell to cover transaction to cover withholding taxes"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
vesting tranche financial
"with respect to each vesting tranche"
contingent right financial
"Each RSU represents a contingent right to receive one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many TTGT RSUs vested, and when are the next tranches scheduled to vest?
9,421 RSUs vested on September 22, 2026, and settled in common shares. Another 9,421 RSUs are scheduled to vest on September 22, 2027, and 9,420 are scheduled to vest on September 22, 2028. The reported RSU balance after the vesting transaction was 18,841.
AI-generated analysis. How Rhea-AI works. Not financial advice.