Genpact (G) CFO has 7,019 shares withheld to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genpact LTD Chief Financial Officer Michael Hal Weiner reported a tax-related share disposition linked to equity compensation. On the vesting of performance share units granted on March 15, 2023, 7,019 common shares were withheld at $38.92 per share to cover tax obligations. Following this non-market transaction, he holds 181,874 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Weiner Michael Hal
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 7,019 | $38.92 | $273K |
Holdings After Transaction:
Common Shares — 181,874 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Genpact (G) report for its CFO?
Genpact’s CFO, Michael Hal Weiner, reported a tax-related disposition of shares. The company withheld 7,019 common shares at $38.92 per share to cover taxes upon vesting of performance share units granted on March 15, 2023.
Was the Genpact (G) CFO’s Form 4 transaction an open-market sale?
No, the CFO’s Form 4 transaction was not an open-market sale. The 7,019 common shares were withheld by the company to satisfy tax obligations when previously granted performance share units vested under Genpact’s 2017 Omnibus Incentive Compensation Plan.
What equity award triggered the Genpact (G) CFO’s tax-withholding transaction?
The transaction was triggered by the vesting of performance share units granted on March 15, 2023. When these awards vested under Genpact Limited’s 2017 Omnibus Incentive Compensation Plan, 7,019 common shares were withheld to satisfy the associated tax obligations.
What does the F code mean in the Genpact (G) CFO’s Form 4 filing?
In this Form 4, the F code indicates a tax-withholding disposition. It shows that 7,019 Genpact common shares were withheld by the issuer to pay taxes due when the CFO’s performance share units vested, rather than being sold in the market.