Genpact (NYSE: G) CHRO has 5,702 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genpact Limited reported a routine compensation-related share withholding for its Senior Vice President and CHRO, Piyush Mehta. On March 10, 5,702 common shares were withheld at $38.92 per share to cover taxes upon vesting of performance share units granted on March 15, 2023. Following this tax-withholding disposition, Mehta directly holds 156,485 common shares, reflecting his ongoing equity stake in the company rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mehta Piyush
Role
Senior Vice President and CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 5,702 | $38.92 | $222K |
Holdings After Transaction:
Common Shares — 156,485 shares (Direct)
Footnotes (1)
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FAQ
Is Piyush Mehta’s Genpact (G) Form 4 transaction an open-market sale?
No, the transaction is not an open-market sale. The Form 4 shows a tax-withholding disposition, where 5,702 shares were retained by the company to pay taxes on vested performance share units, a common administrative step in equity compensation.
What equity award triggered Piyush Mehta’s Genpact (G) tax withholding?
The withholding stems from performance share units granted on March 15, 2023. These units vested under the Genpact Limited 2017 Omnibus Incentive Compensation Plan, causing 5,702 shares to be withheld to cover associated tax liabilities for Piyush Mehta.
What does the F code mean in Piyush Mehta’s Genpact (G) Form 4?
The F code denotes a tax-withholding disposition rather than a market trade. In this case, 5,702 Genpact common shares were withheld to satisfy taxes when performance share units vested, a typical feature of stock-based executive compensation programs.