McManus Joseph Richard Jr. 4
Research Summary
AI-generated summary
INTEST (INTT) Division Pres Joseph McManus Withholds 333 Shares for Taxes
What Happened
- Joseph Richard McManus Jr., Division President‑Elect — reported the withholding/disposition of 333 shares of INTEST common stock to cover tax withholding on vesting restricted stock. Transactions: 203 shares on 2026-03-06 at $13.24 each ($2,688) and 130 shares on 2026-03-08 at $13.24 each ($1,721), totaling $4,409. These disposals are coded F (tax withholding), not open‑market sales.
Key Details
- Transaction dates and prices: 2026-03-06 — 203 sh @ $13.24 ($2,688); 2026-03-08 — 130 sh @ $13.24 ($1,721).
- Total withheld/disposed: 333 shares, $4,409.
- Transaction code: F — shares were withheld to satisfy tax withholding on vesting (Footnote F1).
- Filing date: reported on SEC Form 4 filed 2026-03-10. The filing does not indicate a late‑filing flag in the provided data.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Additional footnotes (F2–F7) in the filing describe various option/award vesting schedules (several awards vest in four equal annual installments starting on different dates).
Context
- This was a routine tax‑withholding disposition tied to restricted stock vesting (a common, non‑investment sale mechanism). It does not necessarily signal insider sentiment because the shares were retained by the company/issuer to cover taxes rather than sold on the open market by the insider. The filing also lists multiple vesting schedules for options/awards, which may result in future routine withholdings or disposals as those grants vest.