TechTarget CEO sells 12,608 shares to cover taxes
The sale was described as a tax-withholding transaction rather than a discretionary sale.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Nugent Gary John
Role
Chief Executive Officer
Sold
12,608 shs ($47K)
Approx. gross sale proceeds
$47K
| 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 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 68,331 contracts (Direct);
Common Stock — 25,758 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 $3.7708. 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
Shares sold: 12,608 shares
Average sale price: $3.74 per share
Reported sale-price range: $3.74 to $3.7708 per share
+4 more
7 metrics
Shares sold
12,608 shares
September 23, 2026
Average sale price
$3.74 per share
September 23, 2026
Reported sale-price range
$3.74 to $3.7708 per share
Transactions aggregated on the sale line
RSUs vested and settled
34,166 shares
September 22, 2026
RSUs following transaction
68,331 shares
Reported after the September 22, 2026 transaction
Scheduled RSU vesting
34,166 shares
Scheduled to vest September 22, 2027
Scheduled RSU vesting
34,165 shares
Scheduled to vest September 22, 2028
Key Terms
restricted stock units, sell to cover, scheduled vesting date, withholding taxes
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
"Reflects a "sell to cover" transaction"
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.
scheduled vesting date financial
"on their scheduled vesting date"
withholding taxes financial
"to cover withholding taxes due"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
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?
34,166 RSUs vested on September 22, 2026 and were settled in common stock. The award schedules 34,166 RSUs to vest on September 22, 2027, and 34,165 on September 22, 2028. The reported RSU position following the transaction was 68,331 shares.
Was the TTGT CEO's stock sale reported under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported. The transaction footnote describes the 12,608-share sale as a sell-to-cover transaction to satisfy withholding taxes and says it was not discretionary.
AI-generated analysis. How Rhea-AI works. Not financial advice.