Parisotto Shannon M 4
Research Summary
AI-generated summary
Charles River (CRL) CEVP Shannon Parisotto Receives Award, Withholds Shares
What Happened
- Shannon M. Parisotto, CEVP, Discovery & Safety Assessment at Charles River (CRL), received 4,236 shares on 2026-01-30 upon achievement of performance goals. The award is recorded at $0.00 per share (performance share units settled in stock). To cover tax withholding, 1,067 of those shares were surrendered/disposed at an effective price of $211.68 per share, totaling $225,863.
Key Details
- Transaction date: 2026-01-30; Form 4 filed 2026-02-02 (timely filed).
- Award: 4,236 shares issued (F1: issued upon achievement of PSUs originally granted 05/26/2023).
- Tax withholding: 1,067 shares withheld/disposed at $211.68 each = $225,863 (transaction code F).
- Exempt transfer (F2): 982 shares reported as transferred to a revocable trust controlled by Parisotto (Rule 16a-13 exempt transfer).
- Shares owned after transaction: not specified in the filing; net new shares from this award = +3,169 shares (4,236 awarded − 1,067 withheld), excluding the trust transfer.
Context
- This was a performance-share settlement (not an open-market purchase or discretionary sale). The share deduction was a tax-withholding action, a routine administrative step that does not necessarily signal a change in insider sentiment. The exempt transfer to a revocable trust is also administrative and keeps the shares under the insider’s control.