Newmark Group (NMRK) director logs RSU vesting and tax-related share withholding
Rhea-AI Filing Summary
NEWMARK GROUP, INC. director Kyle Lutnick reported a routine tax-related share withholding tied to restricted stock vesting. On March 15, 2026, 1,501 restricted stock units vested, each converting into one share of Class A Common Stock. The company withheld 680 shares to cover tax obligations, and 821 shares were issued to him.
After this event, he holds 6,827 shares of Class A Common Stock directly, plus 2,316 unvested restricted stock units that vest over five years from March 15, 2024, subject to continued service. He also has 538 shares in a 401(k) account as of March 2, 2026. The filing reflects compensation and tax mechanics rather than open-market trading.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax withholding, no open-market trade.
The event centers on 1,501 restricted stock units vesting for Kyle Lutnick, with 680 shares withheld to satisfy taxes and 821 delivered as Class A Common Stock. This matches a standard equity compensation and tax-settlement pattern, not a market-driven transaction.
Following the vesting, he reports 6,827 shares held directly and 2,316 unvested RSUs that vest over five years from March 15, 2024, contingent on continued service. An additional 538 shares are in a 401(k) account. Overall, this represents routine compensation and does not change his net equity position through open-market buying or selling.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock, par value $0.01 per share | 680 | $14.19 | $10K |
| holding | Class A Common Stock, par value $0.01 per share | -- | -- | -- |
Footnotes (1)
- On March 15, 2026, 1,501 restricted stock units ("RSUs"), which were previously granted as compensation to the reporting person under the Newmark Group, Inc. (the "Company") Long Term Incentive Plan in connection with his previous employment by the Company, and each representing a contingent right to receive one share of Class A Common Stock, par value $0.01 per share ("Class A Common Stock") of the Company, became vested and issuable as Class A Common Stock to the reporting person. The reported transaction involved the withholding by the Company of 680 shares of Class A Common Stock withheld for taxes. The remaining 821 shares of Class A Common Stock were issued to the reporting person. Consists of 6,827 shares of Class A Common Stock held directly after the vesting and withholding described in Footnote 1 and 2,316 RSUs that vest ratably on a five-year schedule beginning on the grant date of March 15, 2024, in each case provided that the reporting person is still substantially providing services exclusively for the Company or any of its affiliates through the applicable vesting date. Consists of 538 shares of the Company's Class A Common Stock held in the reporting person's 401(k) account as of March 2, 2026.