Patel Nishu D. 4
Research Summary
AI-generated summary
Freshpet (FRPT) Chief Accounting Officer Nishu D. Patel Withholds 193 Shares
What Happened
Nishu D. Patel, Freshpet’s Chief Accounting Officer, had 193 shares withheld to cover tax obligations upon vesting of restricted stock units. The withholding was recorded as a disposition at $57.43 per share, totaling approximately $11,084. This was a tax-withholding event (not an open-market sale or purchase).
Key Details
- Transaction date: 2026-06-28; filing date: 2026-06-30. No late filing indicated on the Form 4.
- Reported transaction: 193 shares withheld (Disposition code F) at $57.43/share; total value ≈ $11,084.
- Shares owned after the transaction: not specified in the filing.
- Footnote: F1 — shares were withheld upon RSU vesting to cover tax obligations (standard tax withholding).
Context
Tax-withholding dispositions are routine administrative actions when restricted stock units vest; the company withholds a portion of shares to satisfy the insider’s tax liability. Such withholdings reduce reported beneficial holdings but are not generally interpreted as a market sentiment signal the way open-market purchases or sales might be.