Rider Michael J 4
Research Summary
AI-generated summary
ResMed (RMD) GC Michael J Rider Surrenders 268.742 Shares for Tax Withholding
What Happened
Michael J Rider, ResMed’s Global General Counsel, surrendered 268.742 shares to the issuer on 2026-06-01 to cover tax withholding related to vested restricted stock units (RSUs). The shares were valued at $190.57 each for a total of $51,214. This was a tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date: 2026-06-01; filing date (Form 4): 2026-06-03. No late filing flag indicated.
- Disposition: 268.742 shares at $190.57 per share, total $51,214. (Transaction code F — tax withholding.)
- Footnote F1: Disposition to issuer for tax withholding on RSUs granted 06/01/2023.
- Footnote F2: Filing notes holdings include 66.0288 shares purchased 2026-04-30 through ResMed’s Employee Stock Purchase Plan.
- Shares owned after the transaction are not specified in the provided filing.
Context
This was a routine cashless/withholding settlement to satisfy taxes on vested RSUs, common for equity-compensated insiders. Such withholding dispositions are administrative and do not necessarily signal a change in the insider’s view of the company.