Duff Martin 4
Research Summary
AI-generated summary
YETI SVP Duff Martin Sells 2,217 Shares to Cover Taxes
What Happened
Duff Martin, Senior Vice President, Supply Chain & Operations at YETI Holdings (YETI), had 2,217 shares withheld by the company to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The withholding consisted of 1,564 shares (at $48.01 each, $75,088) and 653 shares (at $48.01 each, $31,351), for a combined value of approximately $106,439. This is a routine tax-withholding disposition rather than an open-market sale.
Key Details
- Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (filed two days after the transaction).
- Price per share: $48.01.
- Shares withheld/disposed: 1,564 and 653 (total 2,217) to cover tax obligations.
- Transaction code: F (shares withheld for tax withholding).
- Holdings note: Form footnote states it includes 11,477 shares underlying RSUs that will be settled one-for-one in common stock upon vesting.
- Filing appears timely (not a late filing).
Context
This was a tax-withholding event tied to RSU vesting — a common, administrative transaction that reduces the number of shares delivered to the insider rather than an indicator of selling for investment reasons. For retail investors, purchases or open-market sales typically carry more signal than routine withholding transactions.