Versigent (VGNT) CEO RSU vesting leads to tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Versigent PLC director and CEO Joseph T. Liotine reported a routine share disposition tied to equity compensation. The company withheld 21,289 Ordinary Shares at a price of $45.89 per share to cover tax liabilities when restricted stock units vested. This was not an open-market sale. After the withholding, Liotine directly holds 208,864 Ordinary Shares, indicating he retains a substantial equity stake in Versigent.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Liotine Joseph T.
Role
CEO and Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 21,289 | $45.89 | $977K |
Holdings After Transaction:
Ordinary Shares — 208,864 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 21,289 shares
Withholding price per share: $45.89 per share
Shares held after transaction: 208,864 shares
3 metrics
Shares withheld for taxes
21,289 shares
Tax-withholding disposition on Ordinary Shares
Withholding price per share
$45.89 per share
Value used for tax-withholding shares
Shares held after transaction
208,864 shares
Direct Ordinary Share holdings following withholding
Key Terms
restricted stock units, tax-withholding disposition, Ordinary Shares
3 terms
restricted stock units financial
"Shares withheld to pay tax liabilities incident to the vesting 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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition related to equity compensation"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Versigent (VGNT) report for CEO Joseph T. Liotine?
Versigent reported that CEO Joseph T. Liotine had 21,289 Ordinary Shares withheld to cover tax liabilities from vesting restricted stock units. This is a tax-withholding disposition, not an open-market share sale, and arises automatically from equity compensation.
Was the Versigent (VGNT) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 21,289 Ordinary Shares were withheld by the company to pay tax liabilities related to vesting restricted stock units, a common administrative step for equity compensation rather than a discretionary share sale.
What does transaction code "F" mean in the Versigent (VGNT) Form 4 filing?
Transaction code "F" indicates a tax-withholding disposition. In this case, Versigent withheld 21,289 Ordinary Shares from CEO Joseph T. Liotine to pay tax liabilities arising from vesting restricted stock units, rather than him selling shares on the open market.