Keysight (NYSE: KEYS) SVP surrenders shares to cover restricted stock taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Keysight Technologies senior vice president Jo Ann Juskie reported a routine tax-related share disposition. On the release of restricted shares, she surrendered 136 shares of Keysight common stock to the company at $355.74 per share to cover tax liabilities under Rule 16b-3. After this withholding transaction, she directly holds 12,485.765 shares, including 70.046 shares acquired through an Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JUSKIE JO ANN
Role
SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 136 | $355.74 | $48K |
Holdings After Transaction:
Common Stock — 12,485.765 shares (Direct, null)
Footnotes (1)
- The reporting person surrendered 136 shares to Keysight to satisfy tax liability on the release of restricted shares in accordance with Rule 16b-3. Includes 70.046 shares acquired in an Employee Stock Purchase Plan under Section 423 of The Internal Revenue Code of 1986, as amended, in a transaction exempt under Rule 16b-3.
Key Figures
Shares surrendered for taxes: 136 shares
Per-share value for withholding: $355.74 per share
Shares held after transaction: 12,485.765 shares
+1 more
4 metrics
Shares surrendered for taxes
136 shares
Tax-withholding disposition on restricted share release
Per-share value for withholding
$355.74 per share
Value applied to surrendered shares
Shares held after transaction
12,485.765 shares
Direct ownership following Form 4 transaction
ESPP shares included
70.046 shares
Acquired via Employee Stock Purchase Plan under Section 423
Key Terms
Rule 16b-3, restricted shares, Employee Stock Purchase Plan, Section 423
4 terms
Rule 16b-3 regulatory
"to satisfy tax liability on the release of restricted shares in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Employee Stock Purchase Plan financial
"Includes 70.046 shares acquired in an Employee Stock Purchase Plan under Section 423"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Section 423 regulatory
"Employee Stock Purchase Plan under Section 423 of The Internal Revenue Code of 1986"
FAQ
What insider transaction did Keysight (KEYS) SVP Jo Ann Juskie report?
Jo Ann Juskie reported surrendering 136 Keysight common shares to the company to cover tax liabilities on released restricted stock. The Form 4 describes this as a tax-withholding disposition under Rule 16b-3, not an open-market sale of shares.
What do the footnotes in this Keysight (KEYS) Form 4 explain?
The footnotes explain that 136 shares were surrendered to Keysight to satisfy tax liability on restricted share release under Rule 16b-3. They also note that 70.046 shares were acquired through an Employee Stock Purchase Plan in a transaction exempt under the same rule.