Getty Images (NYSE: GETY) CFO sells shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Getty Images Holdings, Inc. Chief Financial Officer Jennifer Leyden reported an open-market sale of 31,576 shares of Class A common stock at a weighted average price of $0.78 per share. According to the footnotes, these non-discretionary sales were made to cover mandatory tax withholding tied to vesting restricted stock units under Rule 10b5-1 instructions. After the transaction, she directly holds 316,780 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 31,576 shares ($24,629)
Net Sell
1 txn
Insider
Leyden Jennifer
Role
Chief Financial Officer
Sold
31,576 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 31,576 | $0.78 | $25K |
Holdings After Transaction:
Class A Common Stock — 316,780 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 March 16, 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) disclose for its CFO?
Getty Images reported that CFO Jennifer Leyden sold 31,576 Class A shares at a weighted average of $0.78 per share. The sale was linked to equity award vesting and associated tax obligations rather than a discretionary open-market trading decision.