Wyndham (NYSE: WH) CEO receives stock award, uses shares for taxes
Rhea-AI Filing Summary
Wyndham Hotels & Resorts President and CEO Geoffrey A. Ballotti reported routine equity compensation activity. He acquired 9,065 shares of common stock on vesting of previously granted restricted stock units under the company’s 2018 Amended and Restated Equity and Incentive Plan.
To cover tax obligations from this vesting, 4,637 shares of common stock were withheld at a price of $73.93 per share, characterized as a tax-liability payment rather than an open-market sale. After these transactions, Ballotti directly holds 559,095 shares of Wyndham common stock.
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FAQ
What insider transaction did Wyndham (WH) report for CEO Geoffrey Ballotti?
Wyndham reported routine equity compensation for CEO Geoffrey Ballotti. He received 9,065 shares of common stock upon vesting of restricted stock units, and 4,637 shares were withheld to pay associated tax liabilities. These are not open-market purchases or sales but compensation-related entries.
How many Wyndham (WH) shares did the CEO receive and how many were withheld for taxes?
Geoffrey Ballotti received 9,065 Wyndham common shares from vested restricted stock units. 4,637 shares were simultaneously withheld to satisfy tax obligations at a price of $73.93 per share, leaving him with a larger net equity position despite the tax-withholding disposition.
Did the Wyndham (WH) CEO sell shares on the open market in this Form 4?
The Form 4 does not show an open-market sale by the CEO. The only disposition is coded “F,” meaning 4,637 shares were withheld to cover tax liabilities from vesting restricted stock units, not voluntarily sold into the market for investment or trading purposes.
What is Geoffrey Ballotti’s direct Wyndham (WH) shareholding after these transactions?
Following the reported transactions, Geoffrey Ballotti directly holds 559,095 Wyndham shares. This figure reflects the net position after receiving 9,065 shares from vested restricted stock units and having 4,637 shares withheld to cover related tax liabilities.
What do the restricted stock unit vesting and tax withholding mean for Wyndham (WH) investors?
The activity reflects standard executive equity compensation mechanics. Restricted stock units vested into 9,065 shares, while 4,637 shares were withheld to pay taxes. This pattern is typical for equity awards and does not indicate discretionary buying or selling by the CEO.