4Filed Sep 13, 8:00 PM ET
Costco (COST) EVP Teresa Jones Receives RSU Award; Shares Withheld
$COST · COSTCO WHOLESALE CORP /NEWResearch Summary
AI-generated summary of this SEC filing
Costco (COST) EVP Teresa Jones Receives RSU Award; Shares Withheld
What Happened
- Teresa A. Jones, Executive Vice President of Costco Wholesale (COST), was awarded 4,129 restricted stock units (RSUs) on 2026-09-10 (grant code A). As part of the vesting/tax settlement, 1,458.535 shares were withheld/disposed (code F) at $902.38 per share to cover taxes, equal to $1,316,153. The RSUs were granted at no cash cost to the insider.
Key Details
- Transaction date: 2026-09-10; Filing date: 2026-09-14 (appears to be filed after the typical 2-business-day Form 4 window).
- Award: 4,129 RSUs granted (grant of restricted stock units).
- Tax withholding: 1,458.535 shares withheld at $902.38/share for $1,316,153 (reported as a disposition to satisfy tax liability).
- Shares owned after transaction: not disclosed on this filing.
- Footnotes: The grant was originally made on 2025-10-22 and was contingent on fiscal 2026 performance; the Compensation Committee has deemed those conditions satisfied. The earned awards vest 20% on the first anniversary and ~20% each year over the next four years based on continued employment, with possible accelerated vesting for long service anniversaries (25/30/35 years).
Context
- This is a compensation-related award (RSUs) with shares withheld to pay taxes — a routine administrative action, not an open-market sale. Such withholding is common and does not necessarily signal the insider’s view of the stock. The filing date suggests a late Form 4 submission relative to the usual two-business-day requirement.