YRC Worldwide Inc. 4
4 · YRC Worldwide Inc. · Filed Feb 24, 2016
Insider Transaction Report
Form 4
Foust Donald Robert
President, New Penn Motor Exp
Transactions
- Tax Payment
Common Stock
2016-02-23$8.12/sh−762$6,187→ 36,645 total - Tax Payment
Common Stock
2016-02-23$8.12/sh−1,493$12,123→ 35,152 total
Footnotes (2)
- [F1]On February 23, 2016, 2,128 restricted shares of Mr. Foust's Company stock, granted March 9, 2015, vested. On February 23, 2016, Mr. Foust automatically surrendered 762 of the 2,128 newly-vested shares to the Company to satisfy the tax withholding obligation triggered upon the February 23rd vesting. The automatic surrender of newly-vested shares is the Company's default process for paying tax withholding obligations triggered upon the vesting of restricted stock.
- [F2]On February 23, 2016, 4,171 restricted shares of Mr. Foust's Company stock, granted February 15, 2016, vested. On February 23, 2016, Mr. Foust automatically surrendered 1,493 of the 4,171 newly-vested shares to the Company to satisfy the tax withholding obligation triggered upon the February 23rd vesting. The automatic surrender of newly-vested shares is the Company's default process for paying tax withholding obligations triggered upon the vesting of restricted stock.