INNOVATE (VATE) Interim CEO Paul Voigt Receives Stock Award

What Happened

• Paul Voigt, Interim CEO of INNOVATE Corp. (VATE), was granted 133,511 restricted shares on 2026-08-11 at $0.00 per share (award under the company's omnibus equity plan).
• To cover taxes related to that vesting event, 60,643 shares were withheld/disposed on 2026-08-12 at a weighted average price of $7.62, generating approximately $462,154. The withheld shares were transacted at prices ranging from $7.372 to $7.95.

Key Details

• Dates: Grant on 2026-08-11; tax withholding/disposition on 2026-08-12.
• Grant: 133,511 restricted shares (acquired under the INNOVATE 2014 Omnibus Equity Award Plan). Vesting scheduled for the first anniversary of the grant, subject to continued employment (Footnote F1).
• Tax withholding: 60,643 shares withheld by the issuer to satisfy tax liability (treated as a disposition) at a weighted average price of $7.62; total proceeds ≈ $462,154. The filing notes sales occurred across prices $7.372–$7.95 and offers to provide per-price breakdown on request (Footnote F3).
• Shares owned after the transaction: not specified in the Form 4 provided.
• Other footnotes: F2 confirms issuer withholding to satisfy taxes; F4–F5 clarify the reporting person’s control roles (trustee/manager) over related entities.
• Filing timeliness: Filing date 2026-08-13 for a primary transaction on 2026-08-11 — appears timely (no late filing indicated).

Context

• This filing reflects a standard equity award grant with routine tax withholding rather than an open-market purchase or a voluntary sell decision by the insider. The grant (acquisition) is generally more informational than a market-timing signal; the withheld/disposed shares were used to satisfy taxes on the award.