Genpact (NYSE: G) SVP has shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genpact Limited Senior Vice President Riju Vashisht reported a tax-related share disposition. On this Form 4, 7,080 common shares were withheld at $38.92 per share to cover taxes due upon vesting of performance share units granted on March 15, 2023. After this withholding, Vashisht directly holds 123,668 Genpact common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vashisht Riju
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 7,080 | $38.92 | $276K |
Holdings After Transaction:
Common Shares — 123,668 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Genpact (G) report for Riju Vashisht?
Genpact reported that Senior Vice President Riju Vashisht had 7,080 common shares withheld. The shares were used to pay taxes due upon vesting of performance share units granted on March 15, 2023 under Genpact’s 2017 Omnibus Incentive Compensation Plan.
Was the Genpact (G) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 shows a tax-withholding disposition, where 7,080 shares were withheld by Genpact to satisfy tax obligations tied to vested performance share units rather than sold on the open market.
What does transaction code F mean in the Genpact (G) Form 4 filing?
Transaction code F in this Genpact Form 4 indicates a payment of tax liability by delivering securities. For Riju Vashisht, it represents 7,080 common shares withheld to satisfy taxes due upon vesting of previously granted performance share units.