DEWEY DUANE A 4
Research Summary
AI-generated summary
Trustmark CEO Duane A. Dewey Sells 4,076 Shares
What Happened
- Duane A. Dewey, President & CEO and a director of Trustmark Corp (TRMK), had 4,076 shares disposed on February 13, 2026 to satisfy a tax withholding obligation tied to the vesting of restricted stock units.
- The withholding was reported at $44.73 per share, for a total value of approximately $182,319. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-13; Filing date: 2026-02-17 (four calendar days later, within the typical 2-business-day SEC reporting window).
- Price per share: $44.73; Shares withheld/disposed: 4,076; Total value: ~$182,319.
- Reason: Shares withheld to satisfy tax withholding on RSUs granted Feb 15, 2023 (footnote F1).
- Holdings note: Filing footnote (F2) states reported holdings include 147 shares acquired through the company 401(k) during 2025 per the plan administrator (info dated Feb 2, 2026).
- Shares owned after the transaction are not specified in the provided filing details.
Context
- Tax-withholding dispositions on RSU vesting are routine administrative transactions and do not necessarily indicate a change in the insider’s view of the company; they differ from voluntary open-market sales.
- Transaction code F indicates shares were surrendered/withheld to cover tax obligations rather than sold on the market.