Newman Brian 4
Research Summary
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CVS CFO Brian Newman Surrenders 2,478 Shares for Taxes
What Happened Brian Newman, Chief Financial Officer of CVS Health Corp (CVS), surrendered 2,478 shares on 2026-05-31 to satisfy withholding tax obligations related to the vesting and settlement of restricted stock units (RSUs). The shares were valued at $90.98 each, totaling $225,448. This was a tax-withholding disposition (not an open-market sale) and is a routine administrative action following an equity award vesting.
Key Details
- Transaction date: 2026-05-31; Form 4 filed: 2026-06-01.
- Price per share: $90.98; shares surrendered/disposed: 2,478; total value: $225,448.
- Shares owned after transaction: Not specified in this Form 4.
- Transaction code: F (surrender of shares to pay taxes).
- Footnote: F1 — Surrender of shares in payment of withholding taxes due upon the vesting and settlement of a restricted stock unit award.
- Filing timeliness: Form filed one day after the transaction date; within normal reporting window (no late filing indicated).
Context Tax-withholding surrenders are routine following RSU vesting and do not necessarily signal the insider's view of the company's prospects. This transaction simply converted a portion of vested RSUs into tax payment rather than a cash sale on the open market.