AII (AII) president has 1,538 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American Integrity Insurance Group, Inc. President Jon P. Ritchie reported a tax-related share withholding. On the vesting of restricted stock units, the company withheld 1,538 shares of common stock at $19.67 per share to cover tax obligations. According to the filing, no shares were sold, and Ritchie now directly holds 179,701 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ritchie Jon P
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,538 | $19.67 | $30K |
Holdings After Transaction:
Common Stock — 179,701 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,538 shares
Price per withheld share: $19.67 per share
Shares held after transaction: 179,701 shares
3 metrics
Shares withheld for taxes
1,538 shares
Common Stock withheld to satisfy tax obligations on RSU vesting
Price per withheld share
$19.67 per share
Reporting price for withheld common stock
Shares held after transaction
179,701 shares
Direct ownership after tax-withholding disposition
Key Terms
restricted stock units, tax withholding obligations, withheld by the Issuer, tax-withholding disposition
4 terms
restricted stock units financial
"in connection with 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 obligations financial
"withheld by the Issuer to satisfy tax withholding obligations"
withheld by the Issuer financial
"Represents shares of common stock ... withheld by the Issuer"
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.
FAQ
What insider transaction did AII President Jon P. Ritchie report?
Jon P. Ritchie reported a tax-related disposition of shares. The company withheld 1,538 shares of American Integrity Insurance Group common stock to satisfy tax obligations tied to restricted stock unit vesting, rather than executing an open-market sale.
What is the nature of the Form 4 transaction for AII’s president?
The transaction is classified as a tax-withholding disposition. Shares of American Integrity Insurance Group common stock were withheld by the issuer to satisfy tax obligations from restricted stock unit vesting, rather than being bought or sold on the open market.