YRC Worldwide Inc. 4
4 · YRC Worldwide Inc. · Filed Aug 12, 2016
Insider Transaction Report
Form 4
Foust Donald Robert
President, New Penn Motor Exp
Transactions
- Tax Payment
Common Stock
2016-08-11$11.49/sh−1,525$17,522→ 47,126 total
Footnotes (1)
- [F1]On August 11, 2016, 5,000 restricted shares of Mr. Foust's Company stock, granted August 18, 2014, vested. On August 11, 2016, Mr. Foust automatically surrendered 1,525 of the 5,000 newly-vested shares to the Company to satisfy the tax withholding obligation triggered upon the August 11th 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.