KUPPUSAMY KARTHIK 4
4 · QUEST DIAGNOSTICS INC · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Quest Diagnostics (DGX) SVP Karthik Kuppusamy Receives Award, Sells Shares
What Happened
Karthik Kuppusamy, Senior Vice President, Clinical Solutions at Quest Diagnostics, had a performance stock award settle on March 4, 2026: 6,200 shares were issued to him at $204.86 per share (value ≈ $1,270,132). On the same date he disposed of 2,628 shares at $204.86 per share (proceeds ≈ $538,372); the filing shows the disposal was to the issuer to satisfy tax withholding obligations.
Key Details
- Transaction date: 2026-03-04; filing date: 2026-03-06 (appears timely).
- Awarded: 6,200 shares @ $204.86 (total ≈ $1,270,132). (Code A: award/acquisition.)
- Disposed: 2,628 shares @ $204.86 (total ≈ $538,372). (Code S: sale/disposition; per footnote, to issuer for tax withholding.)
- Footnotes:
- F1: Shares issued in settlement of a performance stock award under Rule 16b-3(d).
- F2: Disposition (sale/surrender) of shares to issuer solely to cover tax withholding from the award.
- F3: Notes that some underlying shares may reflect periodic acquisitions by the company 401(k) trustee (info from plan administrator).
- Shares owned after the transactions: not specified in the provided filing excerpt.
Context
This was a settlement of a performance award rather than an open-market buy. The partial disposal appears to be a routine tax-withholding action tied to the award, which is common and does not necessarily indicate a change in the insider’s view of the company. For retail investors, purchases or open-market buys typically carry more informational weight than award settlements or withholding-related sales.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-04$204.86/sh+6,200$1,270,132→ 16,069 total - Sale
Common Stock
[F2]2026-03-04$204.86/sh−2,628$538,372→ 13,441 total
- 358(indirect: By Trust)
Common Stock
- 1,658(indirect: By 401(k))
Common Stock
[F3]
Footnotes (3)
- [F1]Stock issued by Quest Diagnostics Incorporated in settlement of a performance stock award approved in accordance with the requirements of Rule 16b-3(d).
- [F2]Disposition of common stock to the issuer solely to cover tax withholding obligations arising from the settlement of said performance stock award.
- [F3]These underlying shares were acquired on a periodic basis by the trustee of the Company's tax qualified Profit Sharing (401(k)) Plan. The information was obtained from the plan administrator as of a current date. The number of shares is based on the account balance of the Company stock fund under the Plan (which includes some money market instruments) divided by the market price of the Company's stock as of that date.