GameStop (NYSE: GME) awards RSUs to its general counsel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GameStop Corp. General Counsel and Secretary Mark Haymond Robinson reported both a tax-related sale and a new equity award in Class A common stock. He sold 7,209 shares at an average price of $22.9445 per share to cover withholding taxes tied to restricted stock unit vesting, which the footnote states was not a discretionary trade. He also received a grant of 21,196 restricted stock units valued at $23.59 per share. These RSUs are scheduled to vest in four quarterly installments from April 1, 2026 through January 1, 2027, subject to his continuous service. Following these transactions, he directly owns 119,142 shares of GameStop common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,209 shares ($165,407)
Net Sell
2 txns
Insider
Robinson Mark Haymond
Role
General Counsel and Secretary
Sold
7,209 shs ($165K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 7,209 | $22.9445 | $165K |
| Grant/Award | Class A Common Stock | 21,196 | $23.59 | $500K |
Holdings After Transaction:
Class A Common Stock — 97,946 shares (Direct)
Footnotes (1)
- Represents shares sold to cover applicable withholding taxes in connection with the vesting of restricted stock units. This sale does not represent a discretionary trade by the Reporting Person. These shares represent restricted stock units granted to the Reporting Person by the Issuer. The restricted shares are scheduled to vest in 4 quarterly installments beginning on April 1, 2026 and ending on January 1, 2027, subject in each case to the Reporting Person's continuous service to the Issuer through the applicable vesting date.
Key Figures
Tax-related sale: 7,209 shares at $22.9445
RSU grant size: 21,196 restricted stock units
RSU grant reference price: $23.59 per share
+2 more
5 metrics
Tax-related sale
7,209 shares at $22.9445
Shares sold to cover withholding taxes on RSU vesting
RSU grant size
21,196 restricted stock units
New award of Class A common stock RSUs
RSU grant reference price
$23.59 per share
Value per share used for the RSU grant
Post-transaction holdings
119,142 shares
Direct ownership after reported transactions
RSU vesting period
4 quarterly installments
From April 1, 2026 through January 1, 2027
Key Terms
restricted stock units, withholding taxes, continuous service, quarterly installments
4 terms
restricted stock units financial
"These shares represent restricted stock units granted to the Reporting Person by the Issuer."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding taxes financial
"Represents shares sold to cover applicable withholding taxes in connection with the vesting of restricted stock units."
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
continuous service financial
"subject in each case to the Reporting Person's continuous service to the Issuer through the applicable vesting date."
quarterly installments financial
"scheduled to vest in 4 quarterly installments beginning on April 1, 2026"
FAQ
What insider transactions did GameStop (GME) report for Mark Haymond Robinson?
GameStop reported that General Counsel Mark Haymond Robinson sold 7,209 shares of Class A common stock and received 21,196 restricted stock units. The sale was solely to cover tax withholding on vesting, while the RSU grant increases his long-term equity-based compensation.
Was the GameStop (GME) insider sale by Mark Haymond Robinson discretionary?
No. The 7,209 shares were sold to cover applicable withholding taxes related to restricted stock unit vesting. A footnote explains this transaction was not a discretionary trade by Mark Haymond Robinson, indicating it was a mechanical tax-settlement event rather than an open-market timing decision.
What vesting schedule applies to Mark Haymond Robinson’s new GameStop (GME) RSUs?
The 21,196 restricted stock units are scheduled to vest in four quarterly installments. Vesting begins on April 1, 2026 and ends on January 1, 2027, and each installment is conditioned on Mark Haymond Robinson’s continuous service to GameStop through the applicable vesting date.