World Acceptance (NASDAQ: WRLD) CEO uses 8,277 shares to pay taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WORLD ACCEPTANCE CORP President and CEO Chad R. Prashad reported a tax-withholding disposition of company shares. On the reported date, 8,277 shares of common stock were withheld at $148.80 per share to cover a tax liability, rather than being sold on the open market.
After this withholding, he directly holds 53,779 shares of WORLD ACCEPTANCE CORP common stock and has indirect ownership of 5,513 shares held by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Prashad R Chad
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK, NO PAR VALUE | 8,277 | $148.80 | $1.23M |
| holding | COMMON STOCK, NO PAR VALUE | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK, NO PAR VALUE — 53,779 shares (Direct);
COMMON STOCK, NO PAR VALUE — 5,513 shares (Indirect, By Spouse)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 8,277 shares
Withholding price: $148.80 per share
Direct holdings after transaction: 53,779 shares
+1 more
4 metrics
Tax-withholding shares
8,277 shares
Shares withheld to cover tax liability at $148.80 per share
Withholding price
$148.80 per share
Value used for 8,277-share tax-withholding disposition
Direct holdings after transaction
53,779 shares
Chad R. Prashad direct WRLD common stock position post-withholding
Indirect holdings by spouse
5,513 shares
WRLD common shares reported as indirectly owned "By Spouse"
Key Terms
tax-withholding disposition, Payment of tax liability by withholding securities, indirect
3 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
Payment of tax liability by withholding securities financial
"footnote": {"_": "Payment of tax liability by withholding securities.""
indirect financial
""transaction_type": "holding" ... "ownership_type": "indirect""
FAQ
What did WRLD CEO Chad R. Prashad report in this Form 4?
Chad R. Prashad reported that shares were withheld to cover a tax liability, known as a tax-withholding disposition. This means the company retained shares instead of paying cash for taxes tied to his equity compensation.