Patel Nishu D. 4
Research Summary
AI-generated summary
Freshpet (FRPT) Chief Accounting Officer Nishu D. Patel Withholds 189 Shares
What Happened
- Nishu D. Patel, Chief Accounting Officer of Freshpet (FRPT), had a total of 189 shares withheld to satisfy tax withholding tied to restricted stock unit (RSU) vesting. The filing shows two withholding events on 2026-03-15: 78 shares at $76.60 ($5,975) and 111 shares at $76.60 ($8,503), totaling approximately $14,478.
- This is a routine tax-withholding "disposition" of shares upon RSU vesting (transaction code F), not an open-market purchase or an active sale for investment purposes.
Key Details
- Transaction date: 2026-03-15; reported on Form 4 filed 2026-03-17 (within the typical 2-business-day window).
- Prices reported: $76.60 per share for both entries.
- Shares withheld/disposed: 78 and 111 (total 189).
- Reported values: $5,975 and $8,503 (total ≈ $14,478).
- Footnote: F1 indicates these shares were withheld upon vesting of restricted stock units to cover tax withholding obligations.
- Shares owned after the transaction: not disclosed in the provided filing excerpt.
Context
- Withholding shares to cover taxes on RSU vesting is a common, administrative action and generally does not signal the insider actively selling shares as a statement about company prospects. Purchases (not present here) are typically more informative about insider sentiment.