NEOGEN CEO Nassif Mikheal Shares Withheld for Taxes (20,397)

What Happened

• Nassif Mikheal, CEO and director of NEOGEN Corp (NEOG), had 20,397 restricted stock units (RSU) shares withheld to cover taxes when RSUs vested on August 19, 2026. The withholding was recorded at $11.87 per share, totaling approximately $242,112.
• This was a tax-withholding disposition (Form 4 code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-08-19; filing date: 2026-08-20 (appears timely).
• Price per share: $11.87; total value of withheld shares: $242,112.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: RSUs vested on the anniversary of the grant date and shares were withheld to cover taxes (footnote F1).
• Transaction type/code: F (shares withheld/tax withholding), reported as a disposition for tax purposes.

Context

• Tax withholding on vesting is a routine administrative action to satisfy tax liabilities and should not be read the same as an intentional sale of shares in the market. It does not necessarily indicate the insider’s view on the company’s stock.
• For retail investors, purchases or open-market sales by insiders can be more informative about intent; withholding for taxes is common when awards vest.