Ziff Davis EVP converts RSUs, withholds shares for tax
Ziff Davis EVP and General Counsel Jeremy Rossen reported equity award activity involving restricted stock units and common shares.
Rhea-AI Filing Summary
Ziff Davis EVP and General Counsel Jeremy Rossen reported equity award activity involving restricted stock units and common shares. He converted 1,385 RSUs into an equal number of Ziff Davis common shares at a stated price of $0.00 per share, consistent with equity awards that settle without cash payment. To cover related tax obligations, 570 common shares were withheld at $41.48 per share, described as payment of a tax liability by delivering securities. After these transactions, Rossen held 19,910 common shares directly and 2,000 common shares indirectly through The Jeremy and Gina Rossen Family Trust, which he and his spouse serve as trustees for, with their children as beneficiaries. The RSUs convert into common stock on a one-for-one basis and have no expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,385 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.01 par value | 1,385 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $0.01 par value | 570 | $41.48 | $24K |
| holding | Common Stock, $0.01 par value | -- | -- | -- |
Footnotes (4)
- F1. Payment for a tax liability by withholding securities incident to vesting of Restricted Stock Units ("RSUs") under the Issuer's 2015 Stock Option Plan.
- F2. Reflects shares held by The Jeremy and Gina Rossen Family Trust, of which the Reporting Person and his spouse are trustees and the Reporting Person's children are the beneficiaries.
- F3. RSUs convert into common stock on a one-for-one basis.
- F4. There are no expiration dates on RSUs.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Ziff Davis (ZD) EVP Jeremy Rossen report?
Were Jeremy Rossen’s Ziff Davis RSUs exercised for cash?
What does the tax-withholding transaction mean for ZD EVP Jeremy Rossen?
How do Rossen’s Ziff Davis RSUs convert into common stock?
What indirect Ziff Davis ownership does Jeremy Rossen report?
AI-generated analysis. How Rhea-AI works. Not financial advice.