TechTarget CEO sells 12,608 shares to cover taxes
The sale was described as a tax-withholding transaction rather than a discretionary sale.
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Rhea-AI Filing Summary
TechTarget, Inc. (TTGT) Chief Executive Officer Gary John Nugent had 34,166 restricted stock units vest and settle into common stock on September 22, 2026. On September 23, he sold 12,608 shares at an average of $3.74 per share in a sell-to-cover transaction for withholding taxes; the footnote says the sale was not discretionary. The reported RSU position following the transaction was 68,331 shares, with 34,166 and 34,165 additional RSUs scheduled to vest on September 22, 2027, and September 22, 2028, respectively.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3, F4 | 12,608 | $3.74 | $47K |
| Exercise | Restricted Stock Units F1, F2, F5 | 34,166 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 34,166 | -- | -- |
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 $3.7708. 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. 34,166 of the RSUs subject to the award vested on September 22, 2026, 34,166 of the RSUs are scheduled to vest on September 22, 2027, and 34,165 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
Key Terms
restricted stock units financial
sell to cover financial
scheduled vesting date financial
withholding taxes financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many RSUs vested for TTGT's CEO, and what future tranches were scheduled?
Was the TTGT CEO's stock sale reported under a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.