Everpure (PSTG) CVO has 58,552 shares withheld for equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Everpure, Inc. Chief Visionary Officer John Colgrove reported a tax-related share disposition. On Class A Common Stock, 58,552 shares were withheld at $65.45 per share to cover income tax obligations tied to previously reported equity award vesting, and this did not involve an open-market sale. After this withholding, he directly holds 6,725,221 shares, with additional indirect holdings reported through several family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Colgrove John
Role
Chief Visionary Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 58,552 | $65.45 | $3.83M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 6,725,221 shares (Direct);
Class A Common Stock — 601,959 shares (Indirect, By Trust)
Footnotes (1)
- Represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of the Reporting Person's equity awards, previously reported on a Form 4, and does not represent a sale by the Reporting Person. Shares are held by Colgrove Family Living Trust. Shares are held by The EEC Irrevocable Trust. A member of the Reporting Person's immediate family is a beneficiary of the trust. Shares are held by The RWC Irrevocable Trust. A member of the Reporting Person's immediate family is a beneficiary of the trust. Shares are held by VCF Trust.
FAQ
What insider transaction did Everpure (PSTG) report for John Colgrove?
Everpure reported that Chief Visionary Officer John Colgrove had 58,552 Class A Common shares withheld to satisfy income tax obligations on vested equity awards. This was a tax-withholding disposition, not an open-market sale of stock.
Was the Everpure (PSTG) Form 4 transaction a sale by John Colgrove?
The Form 4 states the 58,552 withheld shares do not represent a sale by John Colgrove. They were retained by Everpure to meet its income tax withholding and remittance obligations related to his vesting equity awards.
Does John Colgrove have indirect Everpure (PSTG) holdings through trusts?
Yes. The Form 4 reports indirect holdings classified as “By Trust,” including shares held by the Colgrove Family Living Trust, The EEC Irrevocable Trust, The RWC Irrevocable Trust, and VCF Trust, reflecting additional family-related ownership interests.
What does transaction code F mean in the Everpure (PSTG) Form 4?
Transaction code F indicates shares were used to pay an exercise price or tax liability. In this case, Everpure withheld 58,552 shares to satisfy its income tax withholding obligations when John Colgrove’s equity awards vested and settled.