McChesney Lee B 4
Research Summary
AI-generated summary
CHD CFO Lee McChesney Withholds 4,700 Shares to Cover Taxes
What Happened
- Lee B. McChesney, Chief Financial Officer of Church & Dwight Co., had a total of 4,700 shares withheld on March 24, 2026 to satisfy tax obligations tied to the vesting of previously reported restricted stock units (RSUs). The withholding occurred at $93.87 per share: 4,468 shares (≈ $419,411) and 232 shares (≈ $21,778), for a combined value of about $441,189.
- This was a tax-withholding/cashless disposition of shares from RSU vesting (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-24; per-share price reported: $93.87.
- Shares withheld: 4,468 shares (value ≈ $419,411) and 232 shares (value ≈ $21,778); total 4,700 shares (≈ $441,189).
- Transaction code: F (shares withheld to satisfy tax obligations).
- Footnotes: F1 indicates shares were withheld to satisfy tax obligations on RSU vesting; F2 notes holdings include previously granted RSUs and the shares received upon vesting.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Filing timeliness: Reported period 2026-03-24 and filed 2026-03-25 — appears timely.
Context
- This is a routine tax-withholding event tied to RSU vesting (often called a cashless or net settlement), not a discretionary open-market sale; such withholdings are common and do not necessarily indicate the insider’s view of the stock.
- For retail investors, purchases or open-market sales by insiders can be more informative about sentiment than tax-withholding dispositions.