YETI (NYSE: YETI) SVP has 607 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
YETI Holdings, Inc. executive Duff Martin, SVP of Supply Chain & Operations, reported a tax-related share disposition tied to restricted stock units. On the transaction date, 607 shares of common stock were withheld at $45.44 per share to satisfy tax withholding obligations upon RSU vesting.
After this tax-withholding disposition, Martin directly owned 52,130 shares of YETI common stock, which includes 21,101 shares underlying restricted stock units that will settle one-for-one in common stock under their award terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Duff Martin
Role
SVP, Supply Chain & Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 607 | $45.44 | $28K |
Holdings After Transaction:
Common Stock — 52,130 shares (Direct)
Footnotes (1)
- Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person. Includes 21,101 shares underlying restricted stock units. Upon settlement in accordance with the terms of the applicable award agreement, the restricted stock units will be paid on a one-for-one basis in shares of the Issuer's common stock.
FAQ
What insider transaction did YETI (YETI) executive Duff Martin report?
Duff Martin reported a tax-withholding disposition of 607 YETI common shares. The shares were withheld by the company to cover tax obligations triggered by the vesting of previously granted restricted stock units.
Was Duff Martin’s YETI (YETI) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by YETI to satisfy tax liabilities from restricted stock unit vesting, according to the transaction code and related footnote.
What do the restricted stock units in Duff Martin’s YETI (YETI) filing represent?
The filing notes 21,101 shares underlying restricted stock units. Upon settlement under the applicable award agreement, each restricted stock unit will be paid out as one share of YETI common stock, increasing his actual share count then.