UFCS (UFCS) VP Vogt has 160 shares withheld to cover RSU tax liability
Rhea-AI Filing Summary
United Fire Group Inc. vice president and chief accounting officer Adam M. Vogt reported an automatic share disposition tied to equity compensation. On this Form 4, 160 shares of common stock were withheld at $38.53 per share to cover tax liabilities upon vesting of restricted stock units. After this tax-withholding event, Vogt directly holds 7,087 shares of United Fire Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 160 shares
Net Sell
1 txn
Insider
Vogt Adam M
Role
VP - Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 160 | $38.53 | $6K |
Holdings After Transaction:
Common Stock — 7,087 shares (Direct)
Footnotes (1)
- F1. Represents payment of tax liability by withholding shares incident to the vesting of restricted stock units ("RSU").
FAQ
What insider transaction did UFCS executive Adam M. Vogt report on this Form 4?
Adam M. Vogt reported an automatic tax-withholding disposition of 160 shares of United Fire Group common stock. The shares were withheld to satisfy tax liabilities arising from the vesting of restricted stock units, rather than being sold in an open-market transaction.
Was the UFCS Form 4 transaction by Adam M. Vogt an open-market sale?
No, the transaction was not an open-market sale. The Form 4 and its footnote state the 160 shares were withheld to pay tax liabilities incident to restricted stock unit vesting, a routine tax-withholding disposition rather than a discretionary market trade.
What does transaction code F mean in Adam M. Vogt’s UFCS Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 160 UFCS shares were withheld to satisfy Adam M. Vogt’s tax obligation related to vesting restricted stock units, as clarified in the filing footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.