Covista (CVSA) SVP Douglas G. Beck Receives Awards, Sells for Taxes

What Happened Douglas G. Beck, SVP, General Counsel, Corporate Secretary & ISS of Covista Inc. (CVSA), received a total of 10,302 shares as awards (4,242 and 6,060 shares) on 2026-08-23 at $132.35 per share (total value received ≈ $1,363,470). On the same date, 5,452 shares were disposed at $132.35 per share (total ≈ $721,572) to satisfy tax withholding obligations related to the vesting/payout. Net result: an increase of 4,850 shares, net value ≈ $641,898.

Key Details

• Transaction date: 2026-08-23; Form 4 filed 2026-08-25 (appears timely).
• Prices: all transactions at $132.35 per share.
• Awards/acquisitions: 4,242 shares ($561,429) and 6,060 shares ($802,041) — footnote indicates these are common stock issued in payout of performance share units awarded 11/08/2023.
• Dispositions (tax withholding): 784, 1,922 and 2,746 shares (total 5,452 shares; $721,572) — footnotes indicate these represent satisfaction of tax withholding on vested restricted stock units and performance shares.
• Shares owned after transaction: not specified in the filing.
• Transaction codes: A = Award/Grant/Acquisition; F = Payment of exercise price or tax liability (here, tax withholding).

Context These transactions reflect the issuance/payout of performance shares and restricted stock units and routine share withholding to cover taxes — not an open-market sale that signals a directional trade. For retail investors, awards increase insider holdings (here net +4,850 shares), while the disposals were functional tax withholdings associated with vesting.