Intermex (NASDAQ: IMXI) CEO logs tax-withholding stock transactions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
International Money Express, Inc. director and CEO Robert Lisy reported two Form 4 transactions where shares of common stock were withheld to cover tax obligations tied to vesting restricted stock. The issuer withheld 5,686 and 4,738 shares at $15.78 per share as tax-withholding dispositions.
After these transactions, Lisy directly held 659,873 common shares. He also had indirect ownership of 339,032 shares through the Robert Lisy Revocable Living Trust and 322,531 shares through Hawk Time Enterprises LLC, where he serves as trustee or sole manager.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Lisy Robert
Role
CEO, President & Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,686 | $15.78 | $90K |
| Tax Withholding | Common Stock | 4,738 | $15.78 | $75K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 664,611 shares (Direct);
Common Stock — 339,032 shares (Indirect, By: Robert Lisy Revocable Living Trust)
Footnotes (1)
- This transaction represents shares withheld by the issuer in conjunction with the vesting of restricted stock held by the reporting person. These shares are owned directly by the Lisy Trust, and indirectly by the reporting person as trustee of the Lisy Trust. These shares are directly owned by Hawk Time Enterprises LLC and indirectly by Robert Lisy as sole manager of such entity.
FAQ
What did IMXI CEO Robert Lisy report in this Form 4 filing?
Robert Lisy reported two tax-related share dispositions. The issuer withheld shares of International Money Express common stock to satisfy tax obligations linked to vesting restricted stock, rather than executing open-market sales, and updated his direct and indirect ownership balances accordingly.
Were Robert Lisy’s IMXI transactions open-market sales of stock?
No, the transactions were not open-market sales. The filing states the shares represent amounts withheld by the issuer to pay tax liabilities arising from the vesting of restricted stock, a common administrative method instead of the insider selling shares in the open market.
What is the transaction code F in Robert Lisy’s IMXI Form 4?
Transaction code F indicates a tax-withholding disposition. It reflects payment of an exercise price or tax liability by delivering securities, meaning the company withheld International Money Express shares to cover taxes on vesting restricted stock rather than the insider selling shares on the market.