DiGiovanni Jeffrey 4
Research Summary
AI-generated summary
Innovative Solutions & Support (ISSC) CFO Jeffrey DiGiovanni Sells 897 Shares
What Happened
- Jeffrey DiGiovanni, Chief Financial Officer of Innovative Solutions & Support, had 897 shares of common stock withheld by the issuer on 2026-03-31 to satisfy tax obligations tied to the vesting of restricted stock units. The shares were valued at $20.53 each, totaling approximately $18,415. This is a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date and price: 2026-03-31 at $20.53 per share
- Shares involved: 897; total value ≈ $18,415
- Nature of transaction: Tax withholding in connection with RSU vesting (Footnote F1)
- Shares owned after transaction: Not reported on this Form 4
- Filing: Report filed 2026-04-02 for a 2026-03-31 transaction — appears to be timely (Form 4s are generally due within 2 business days)
Context
- This was a routine tax-withholding/cashless settlement related to restricted stock units, which is common when awards vest. Such withholding is administrative and does not necessarily indicate the insider's view of the company.