INNOVATE Corp. (VATE) interim CEO nets 133K-share grant, 60K withheld for taxes
Rhea-AI Filing Summary
INNOVATE Corp. interim CEO Paul Voigt reported equity compensation and related tax withholding in common stock. On 2026-08-11, he received 133,511 shares of restricted stock under the company’s equity plan; these shares vest on the first anniversary of the grant date, subject to his continued employment. On 2026-08-12, 60,643 shares were withheld by the issuer to satisfy taxes due upon vesting of previously awarded restricted stock, at a weighted average price of $7.6209 per share from transactions ranging between $7.372 and $7.95. Voigt also reports indirect holdings of 25,000 shares in a revocable trust and 7,537 shares through Jessie Holdings LLC, over which he has sole voting and investment control.
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Insider Trade Summary
Net Buyer: 72,868 shares
Net Buy
4 txns
Insider
Voigt Paul
Role
Interim CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2, F3 | 60,643 | $7.6209 | $462K |
| Grant/Award | Common Stock F1 | 133,511 | $0.00 | $0.00 |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 698,758 shares (Direct);
Common Stock — 25,000 shares (Indirect, Paul K Voigt Rev Trust);
Common Stock — 7,537 shares (Indirect, Jessie Holdings LLC)
Footnotes (5)
- F1. Reflects shares of restricted stock granted pursuant to the INNOVATE Corp. Second Amended and Restated 2014 Omnibus Equity Award Plan, as amended (the "Plan"). Shares will vest and become exercisable the first anniversary of the Date of Grant (the "Vesting Date"), subject to the continued employment of the Reporting Person on the Vesting Date.
- F2. Shares withheld by Issuer to satisfy taxes payable in connection with the vesting of previously awarded restricted stock.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.372 to $7.95, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F4. Reporting Person is the Trustee of "Paul K Voigt Rev Trust, Paul K Voigt TTEE U/A DTD 11/20/2008 By Paul K Voigt" and has sole voting and investment control.
- F5. Reporting Person is the Manager of Jessie Holdings LLC and has sole voting and investment control.
Key Figures
Restricted stock grant: 133,511 shares
Tax-withholding shares: 60,643 shares
Weighted average price: $7.6209 per share
+3 more
6 metrics
Restricted stock grant
133,511 shares
Common stock granted to interim CEO on 2026-08-11 under equity award plan
Tax-withholding shares
60,643 shares
Shares withheld by issuer on 2026-08-12 to satisfy taxes on vesting
Weighted average price
$7.6209 per share
Weighted average for 60,643 shares sold in multiple transactions
Transaction price range
$7.372 to $7.95
Price range of multiple transactions underlying the weighted average
Trust indirect holdings
25,000 shares
Common stock held in Paul K Voigt Rev Trust with sole voting and investment control
LLC indirect holdings
7,537 shares
Common stock held via Jessie Holdings LLC with sole voting and investment control
Key Terms
restricted stock, weighted average price, withheld by Issuer to satisfy taxes, indirect ownership, +1 more
5 terms
restricted stock financial
"Reflects shares of restricted stock granted pursuant to the INNOVATE Corp. Second Amended"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
withheld by Issuer to satisfy taxes financial
"Shares withheld by Issuer to satisfy taxes payable in connection with the vesting"
indirect ownership financial
"Reporting Person is the Trustee of "Paul K Voigt Rev Trust" and has sole voting"
Omnibus Equity Award Plan financial
"granted pursuant to the INNOVATE Corp. Second Amended and Restated 2014 Omnibus Equity"
FAQ
What insider transactions did INNOVATE Corp. (VATE) interim CEO Paul Voigt report?
Paul Voigt reported a grant of 133,511 restricted shares of INNOVATE Corp. common stock and a withholding of 60,643 shares to cover taxes tied to previously vesting restricted stock, plus updated indirect share holdings in a trust and an LLC.
What indirect INNOVATE Corp. (VATE) holdings does Paul Voigt report?
Paul Voigt reports indirect ownership of 25,000 shares in the “Paul K Voigt Rev Trust,” where he is trustee with sole control, and 7,537 shares held through Jessie Holdings LLC, where he is manager with sole voting and investment control.
AI-generated analysis. How Rhea-AI works. Not financial advice.
