SAIC (NYSE: SAIC) CFO reports 837-share tax-withholding stock transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Science Applications International Corp EVP, Chief Financial Officer Natarajan Prabu had 837 shares of common stock withheld at $99.57 per share to satisfy tax obligations by delivering shares. After this tax-withholding disposition, he directly owns 70,566 shares and indirectly holds 7,000 shares through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Natarajan Prabu
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 837 | $99.57 | $83K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 70,566 shares (Direct);
Common Stock — 7,000 shares (Indirect, By Trust)
Footnotes (1)
Key Figures
Tax-withholding shares: 837 shares
Price per share: $99.57 per share
Direct holdings after transaction: 70,566 shares
+2 more
5 metrics
Tax-withholding shares
837 shares
Common stock delivered to satisfy tax obligations
Price per share
$99.57 per share
Value used for the 837-share tax-withholding disposition
Direct holdings after transaction
70,566 shares
Direct SAIC common stock owned after the disposition
Indirect holdings via trust
7,000 shares
SAIC common stock held indirectly by trust
Tax-withholding transactions
1 transaction
Count of F-code tax-withholding dispositions in this Form 4
Key Terms
tax-withholding disposition, Common Stock, indirect ownership, By Trust, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 837 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"security_title: "Common Stock" in the reported transactions"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
indirect ownership financial
"direct_or_indirect: "I" with nature_of_ownership "By Trust""
By Trust financial
"nature_of_ownership: "By Trust" for 7,000 indirect shares"
Form 4 regulatory
"INSIDER FILING DATA (Form 4) for SAIC executive"
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 insider transaction did SAIC CFO Natarajan Prabu report on this Form 4?
SAIC EVP and CFO Natarajan Prabu reported a tax-withholding disposition of 837 shares of common stock. The shares were delivered at $99.57 each to cover tax obligations, rather than being sold on the open market.
Was the SAIC Form 4 transaction an open-market sale or tax withholding?
The Form 4 transaction was classified as a tax-withholding disposition, not an open-market sale. Shares were delivered to cover tax liabilities, consistent with the description “Payment of exercise price or tax liability by delivering securities” in the filing.
Does the SAIC Form 4 show any derivative exercises by Natarajan Prabu?
The summarized data show no derivative exercises in this Form 4. The transaction is limited to a non-derivative tax-withholding disposition in common stock and a holding entry reflecting 7,000 shares owned indirectly through a trust.