Treace Medical (TMCI) legal chief reports routine tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Treace Medical Concepts Chief Legal & Compliance Officer Scot Michael Elder reported routine tax-withholding dispositions of company stock. On two March dates, a total of 1,850 shares of common stock were delivered to cover tax obligations. Following these transactions, Elder directly held 794,936 common shares. Footnotes indicate these holdings include restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Elder Scot Michael
Role
Chief Legl & Comp Off, CorpSec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,675 | $0.00 | -- |
| Tax Withholding | Common Stock | 175 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 794,936 shares (Direct)
Footnotes (1)
- Includes 640,752 restricted stock units. Includes 633,877 restricted stock units.
FAQ
What did TMCI executive Scot Michael Elder report in this Form 4?
Scot Michael Elder reported tax-withholding dispositions of Treace Medical Concepts stock. Two F-code transactions in March transferred 1,850 common shares to satisfy tax obligations, a non-market event. He continued to hold 794,936 common shares afterward, including restricted stock units.
Were the TMCI Form 4 transactions open-market sales or routine tax withholding?
The transactions were routine tax-withholding dispositions, not open-market sales. Both are coded "F" and described as payment of tax liability by delivering securities, meaning shares were withheld to cover taxes rather than sold in the market.
What does transaction code F mean in the TMCI Form 4 filing?
Transaction code F indicates shares used to pay exercise price or tax liability. In this TMCI filing, it means common shares were delivered to satisfy tax obligations tied to equity compensation, rather than being voluntarily sold on the open market.
Do Scot Michael Elder’s TMCI holdings include restricted stock units (RSUs)?
Yes, the reported holdings include restricted stock units. Footnotes specify that the common stock totals disclosed in the Form 4 encompass RSUs, indicating part of Elder’s TMCI equity position is in the form of time-based or performance-based stock awards.