CVS (CVS) EVP Samrat Khichi surrenders 7,886 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CVS Health EVP, CPO and General Counsel Samrat S. Khichi reported a tax-related share disposition. On the vesting of a restricted stock unit award, 7,886 shares of common stock were surrendered at $79.60 per share to cover withholding taxes. After this transaction, he directly owns 29,775 shares of common stock and holds 25,608 shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Khichi Samrat S.
Role
EVP, CPO and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,886 | $79.60 | $628K |
| holding | Common Stock (Restricted) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 29,775 shares (Direct);
Common Stock (Restricted) — 25,608 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CVS (CVS) executive Samrat S. Khichi report?
Samrat S. Khichi reported surrendering 7,886 CVS common shares to pay withholding taxes upon vesting of a restricted stock unit award. This was a tax-withholding disposition, not an open-market sale, and relates to equity compensation settlement mechanics.
What are Samrat S. Khichi’s restricted stock holdings in CVS (CVS) after this filing?
Following the transaction, Samrat S. Khichi holds 25,608 shares of CVS restricted stock. These restricted shares typically vest over time or upon meeting conditions, separate from the 29,775 common shares he holds directly after the tax-related surrender.
Was the CVS (CVS) insider Form 4 a discretionary stock sale by Samrat S. Khichi?
The Form 4 reflects a tax-withholding disposition, not a discretionary sale. Shares were surrendered to satisfy withholding taxes due at vesting of a restricted stock unit award, as described in the footnote, rather than sold in an open-market transaction.