Colbert Sarah F 4
Research Summary
AI-generated summary
RGR VP Sarah Colbert Receives RSUs; 165 Shares Withheld
What Happened
- Sarah F. Colbert, Vice President, General Counsel & Corporate Secretary of Sturm Ruger & Co. (RGR), received two award items on March 6, 2026: 357 shares (non-derivative award) and 6,920 restricted stock units (derivative award).
- To cover tax withholding on the awards, 165 shares were surrendered/withheld at an effective price of $37.11 per share, resulting in a tax withholding value of $6,123.
- This is an award/vesting event (not an open-market purchase or a voluntary sale); the withholding is routine to satisfy tax obligations.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (timely filing).
- Awards reported: 357 shares (A, non-derivative) and 6,920 RSUs (A, derivative).
- Tax withholding: 165 shares disposed (F) at $37.11 each; total ≈ $6,123.
- Footnote: Each restricted stock unit vests and converts to the cash value of one share on March 6, 2029, per the award terms (cash-settled RSUs).
- Shares owned after the transaction are not specified in the filing.
Context
- The 6,920 RSUs are derivative, cash-settled awards that do not convert to a cash/share payout until the stated vesting/conversion date in 2029; they are not an immediate purchase or sale of stock.
- The 165-share disposition is a tax-withholding action (code F), a routine administrative step that does not necessarily indicate insider sentiment about the company’s stock.