Teladoc (NYSE: TDOC) CAO sells shares to cover RSU tax withholding
Rhea-AI Filing Summary
Teladoc Health Chief Accounting Officer Joseph Ronald Catapano reported routine equity compensation activity and a small related share sale. On April 1, 2026, restricted stock units converted into 2,083 shares of Teladoc common stock on a one-for-one basis at a conversion price of $0.00.
On April 2, 2026, he sold 675 common shares at $5.114 per share solely to cover the tax withholding obligation tied to the RSU vesting, rather than as a discretionary open-market sale. After these transactions, he directly held 10,249 common shares.
The filing notes that on October 1, 2024, he was granted 25,000 restricted stock units, with one-third vesting on the first anniversary of the grant and the remainder vesting in eight substantially equal quarterly installments thereafter.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 675 | $5.114 | $3K |
| Exercise | Restricted Stock Units | 2,083 | $0.00 | -- |
| Exercise | Common Stock | 2,083 | $0.00 | -- |
Footnotes (1)
- Restricted stock units convert to shares of TDOC common stock on a one-for-one basis. Shares sold to cover the tax withholding obligation in respect of vesting of the reporting person's restricted stock unit awards. On October 1, 2024, the reporting person was granted 25,000 restricted stock units, vesting one-third on the first anniversary of the grant date, with the remainder vesting in eight substantially equal quarterly installments thereafter.