Goodrich Michael F. 4
Research Summary
AI-generated summary
INTEST (INTT) Michael Goodrich, Division Pres — Shares Withheld for Taxes
What Happened
- Michael F. Goodrich, Division President — Process Technology at INTEST Corp, had 148 shares withheld on March 6, 2026 to satisfy tax withholding obligations related to vested restricted stock. The shares were valued at $13.24 each, totaling $1,960. This was a withholding to cover taxes (code F), not an open-market sale.
Key Details
- Transaction date and price: March 6, 2026 — 148 shares withheld at $13.24/share (total $1,960).
- Transaction type: F — payment of tax liability via share withholding (disposition on Form 4).
- Shares owned after transaction: Not specified in the provided summary.
- Footnotes of note:
- F1: Shares were withheld to cover tax withholding on vesting of restricted stock.
- F2–F4: Related option awards vest in four equal annual installments beginning on 3/17/2026 and 3/6/2025 (per filing) — these describe vest schedules for related awards.
- Filing date: March 10, 2026 (the Form 4 lists the filing on this date); the filing does not indicate a late-filing flag.
Context
- Share withholding to cover taxes is a routine administrative disposition and is not the same as an insider selling shares on the open market; it generally does not signal a change in the insider’s view of the company.
- Footnotes referencing option vesting schedules simply describe when related awards will vest and do not represent additional sales or purchases.