Quest Diagnostics (NYSE: DGX) CEO awarded options and RSUs, shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quest Diagnostics CEO and President J. E. Davis reported equity compensation and related tax withholding transactions. Davis was granted 73,225 non-qualified stock options, which vest in three equal annual installments beginning on the first anniversary of the grant date. He also received 15,857 shares of common stock, representing an award of restricted stock units. To cover tax withholding obligations arising from the vesting of restricted stock units, 2,396 shares and 3,788 shares of common stock were disposed of back to the issuer at prices of $210.01 and $206.99 per share, respectively. After these transactions, Davis directly owned 130,153 shares of common stock and 73,225 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Davis J. E.
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualifed Stock Option (right to buy) | 73,225 | $0.00 | -- |
| Grant/Award | Common Stock | 15,857 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,396 | $210.01 | $503K |
| Tax Withholding | Common Stock | 3,788 | $206.99 | $784K |
Holdings After Transaction:
Non-Qualifed Stock Option (right to buy) — 73,225 shares (Direct);
Common Stock — 136,337 shares (Direct)
Footnotes (1)
- Represents an award of restricted stock units. Disposition of common stock to the issuer solely to cover tax withholding obligations arising from the vesting of restricted stock units. The options vest in three equal annual installments beginning on the first annual anniversary of the grant date.
FAQ
What equity awards did Quest Diagnostics (DGX) grant to CEO J. E. Davis?
Quest Diagnostics granted CEO J. E. Davis 73,225 non-qualified stock options and 15,857 shares of common stock as a restricted stock unit award. The options vest in three equal annual installments beginning on the first anniversary of the grant date.
How many Quest Diagnostics (DGX) stock options does the CEO hold after this Form 4?
After the reported transactions, CEO J. E. Davis holds 73,225 non-qualified stock options. These options were newly granted and vest over three years in equal annual installments, beginning on the first anniversary of the grant date.
Were the Quest Diagnostics (DGX) CEO’s transactions open-market buys or sells?
No open-market buys or sells were reported. The Form 4 shows equity compensation grants and tax-withholding dispositions, where shares were delivered to Quest Diagnostics to satisfy tax obligations tied to restricted stock unit vesting.