Reintjes Matthew J 4
Research Summary
AI-generated summary
YETI CEO Matthew Reintjes Withholds Shares for Taxes
What Happened
- Matthew J. Reintjes, President & CEO and a director of YETI Holdings, had a total of 12,277 shares withheld by the company to satisfy tax withholding on vested restricted stock units (RSUs). The withholdings were reported as dispositions on 2026-02-24: 1,754 shares at $45.44 ($79,702) and 10,523 shares at $45.44 ($478,165), for a combined value of $557,867. This was a tax-withholding (routine) transaction, not an open-market sale or purchase.
Key Details
- Transaction date: February 24, 2026; filing date: February 26, 2026 (appears timely).
- Prices and amounts: 1,754 shares @ $45.44 ($79,702) and 10,523 shares @ $45.44 ($478,165); total 12,277 shares for $557,867.
- Transaction code: F — shares withheld by issuer to satisfy tax withholding on RSU vesting (Footnote F1).
- Footnote F2: filing references 63,731 shares underlying RSUs that will convert one-for-one to common stock upon settlement.
- Footnote F3: some shares are held in a Spousal Lifetime Access Trust (SLAT); the reporting person disclaims beneficial ownership of those trust-held shares.
- Shares owned after the transactions are not specified in the provided excerpt of the filing.
Context
- This was a cashless tax-withholding related to RSU vesting — a routine administrative action that reduces the insider’s outstanding share count but does not represent an open-market sale decision by the insider. Such withholdings are common and generally viewed as administrative rather than a market sentiment signal.