Signet Jewelers (SIG) CAO has shares withheld for taxes on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Signet Jewelers’ Chief Accounting Officer Vincent Ciccolini reported a routine tax-related share disposition tied to equity compensation. On March 26, 198 common shares were withheld to cover taxes when one-third of restricted stock units granted on March 26, 2024 vested. This was not an open-market sale. After the withholding, Ciccolini directly holds 45,584.13 common shares, including 6,954.13 restricted stock units that remain subject to vesting and forfeiture conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ciccolini Vincent
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares, par value $0.18 | 198 | $88.83 | $18K |
Holdings After Transaction:
Common Shares, par value $0.18 — 45,584.13 shares (Direct)
Footnotes (1)
- Reflects the number of shares withheld for tax purposes upon vesting of 1/3 of the restricted stock units granted on March 26, 2024. Reflects the average of the high and low sale price of the common shares on the date of vest. Includes 6,954.13 restricted stock units which are subject to certain vesting and forfeiture provisions.
FAQ
What did Signet Jewelers (SIG) officer Vincent Ciccolini report on this Form 4?
Vincent Ciccolini reported a tax-withholding disposition of 198 Signet Jewelers common shares. The shares were withheld automatically to cover taxes when a portion of his restricted stock units vested, rather than being sold on the open market.
Was the Signet Jewelers (SIG) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 198 shares were withheld by the company to satisfy tax obligations triggered by vesting restricted stock units, a common administrative step in equity compensation programs.
What equity award triggered the tax withholding for Signet Jewelers (SIG) officer Ciccolini?
The tax withholding was triggered when one-third of restricted stock units granted on March 26, 2024 vested. Upon vesting, 198 shares were automatically withheld to cover related tax liabilities, as disclosed in the Form 4 footnotes.
How many restricted stock units does Vincent Ciccolini still have at Signet Jewelers (SIG)?
Following this vesting event, Vincent Ciccolini’s holdings include 6,954.13 restricted stock units. These units remain subject to specific vesting schedules and forfeiture provisions, meaning they will vest over time only if the applicable conditions are satisfied.