MarketAxess (NASDAQ: MKTX) CEO surrenders 349 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MarketAxess Holdings Inc. Chief Executive Officer Christopher R. Concannon reported a small share disposition related to equity compensation. On the vesting of previously granted restricted stock units, he surrendered 349 shares of common stock to the company to satisfy his tax withholding obligation at $171.46 per share. Following this tax-withholding transaction, he continues to hold 53,600 shares of MarketAxess common stock directly, indicating the move was administrative rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CONCANNON CHRISTOPHER R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.003 per share | 349 | $171.46 | $60K |
Holdings After Transaction:
Common Stock, par value $0.003 per share — 53,600 shares (Direct)
Footnotes (1)
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Key Figures
Shares surrendered for taxes: 349 shares
Reported share value: $171.46 per share
Shares held after transaction: 53,600 shares
3 metrics
Shares surrendered for taxes
349 shares
Tax-withholding disposition on RSU vesting
Reported share value
$171.46 per share
Value used for the 349-share tax-withholding disposition
Shares held after transaction
53,600 shares
Direct holdings following the Form 4 transaction
Key Terms
restricted stock units, tax withholding obligation, Form 4
3 terms
restricted stock units financial
"upon the vesting of restricted stock units previously granted to the Reporting Person"
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.
tax withholding obligation financial
"to satisfy the Reporting Person's tax withholding obligation upon the vesting"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did MarketAxess (MKTX) CEO Christopher Concannon report on this Form 4?
He reported surrendering 349 MarketAxess shares to the company to cover taxes due on vested restricted stock units. This was a tax-withholding disposition, not an open-market sale, and is a routine administrative step tied to equity compensation.
Does this MarketAxess (MKTX) Form 4 show an open-market sale by the CEO?
No. The filing describes a tax-withholding disposition, where 349 shares were surrendered to the company to pay taxes on vested restricted stock units. It is not an open-market sale and does not reflect a discretionary trade in the public market.