Getty Images (NYSE: GETY) SVP stock sale covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Getty Images Holdings, Inc. Senior VP of Ecommerce Weston Daine Marc reported an open-market sale of 12,928 shares of Class A common stock at a weighted average price of $0.78 per share. The filing states these were non-discretionary sales to cover mandatory tax withholding on vesting restricted stock and performance units under Rule 10b5-1 instructions.
After the transaction, Marc directly holds 142,159 shares, so the sale represents a small portion of his overall position and appears tied to routine tax obligations rather than a discretionary portfolio change.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 12,928 shares ($10,084)
Net Sell
1 txn
Insider
Weston Daine Marc
Role
Senior VP, Ecommerce
Sold
12,928 shs ($10K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12,928 | $0.78 | $10K |
Holdings After Transaction:
Class A Common Stock — 142,159 shares (Direct)
Footnotes (1)
- The non-discretionary sales to cover mandatory tax withholding obligations in connection with the vesting and settlement of restricted stock units and performance restricted stock units reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plan instructions adopted in connection by the Reporting Person in award agreements, dated June 5, 2023, for the respective equity grants. This transaction was executed in multiple trades at prices ranging from $.76 to $.82. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
FAQ
What insider transaction did Getty Images (GETY) report on this Form 4?
Getty Images reported that Senior VP of Ecommerce Weston Daine Marc sold 12,928 shares of Class A common stock. The weighted average sale price was about $0.78 per share, and the sale was disclosed as part of his routine equity compensation activity.
Was the Getty Images (GETY) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the non-discretionary sales were effected pursuant to Rule 10b5-1 trading plan instructions contained in award agreements dated June 5, 2023. This indicates the transactions were pre-arranged as part of equity compensation and related tax withholding mechanics.