LaPlume Joseph W 4
Research Summary
AI-generated summary
Charles River (CRL) EVP Joseph LaPlume Receives Award, Surrenders Shares
What Happened
Joseph W. LaPlume, Executive VP of Corporate Strategy & Development at Charles River Laboratories (CRL), received 5,456 shares as an award (performance-based). To satisfy the tax liability on that issuance, 1,749 shares were surrendered/withheld at an indicated value of $211.68 per share, totaling $370,228. The award shares were issued at $0.00 (code A); the share withholding is reported as a disposition (code F).
Key Details
- Transaction date: January 30, 2026 (both award issuance and tax withholding).
- Award: 5,456 shares issued, reported price $0.00 (code A).
- Tax withholding/disposition: 1,749 shares, $211.68 per share, total $370,228 (code F).
- Footnote: The issued shares reflect achievement of performance goals for PSU awards originally granted May 26, 2023 (F1).
- Filing date: February 3, 2026 — reported on Form 4 and appears to be filed within the normal two-business-day window.
- Shares owned after the transaction: not specified in the provided filing.
Context
This was an issuance of performance-based restricted stock/PSUs and a routine tax-withholding surrender, not an open-market purchase or sale. Such tax withholdings are common when awards vest and do not necessarily indicate insider buying or selling for investment reasons.