DiGiovanni Jeffrey 4

Research Summary

AI-generated summary

Updated

ISSC CFO Jeffrey DiGiovanni Withholds 2,172 Shares for Taxes

What Happened Jeffrey DiGiovanni, CFO of Innovative Solutions & Support, had 2,172 shares of common stock withheld by the issuer to satisfy tax obligations related to the vesting of restricted stock units. The shares were valued at $23.52 each, totaling approximately $51,085, and are reported as disposed on Feb 18, 2026. This is a tax-withholding event tied to RSU vesting, not an open-market sale.

Key Details

  • Transaction date: 2026-02-18; Filing date: 2026-02-20 (filed within the typical two-business-day window).
  • Shares: 2,172 withheld; Price per share: $23.52; Total value: ~$51,085.
  • Transaction code: F (shares withheld to satisfy tax obligations).
  • Footnote: F1 — shares were withheld by the issuer to satisfy the reporting person's tax obligations in connection with RSU vesting.
  • Shares owned after transaction: not specified in the provided filing.

Context Tax-withholding dispositions are routine when restricted stock units vest and do not necessarily signal insider confidence or a desire to sell stock on the market. This was effectively a cashless settlement for taxes rather than an intentional sale or purchase by the insider.