DiGiovanni Jeffrey 4
Research Summary
AI-generated summary
Innovative Solutions (ISSC) CFO Jeffrey DiGiovanni Shares Withheld for Taxes
What Happened
- Jeffrey DiGiovanni, Chief Financial Officer of Innovative Solutions & Support Inc. (ISSC), had 765 shares of common stock withheld to satisfy tax withholding obligations related to the vesting of restricted stock units. The shares were valued at $23.02 each, totaling $17,610.
- This is a tax-withholding disposition (transaction code F), a routine administrative action tied to RSU vesting rather than an open-market sale or purchase.
Key Details
- Transaction date: 2026-04-08
- Price per share: $23.02; Shares withheld/disposed: 765; Total value: $17,610
- Transaction code: F (shares withheld to satisfy tax obligations on vested RSUs)
- Footnote: The filing states the issuer withheld these shares to cover the reporting person's tax obligations upon RSU vesting.
- Shares owned after transaction: Not specified in the provided filing
- Filing timeliness: Report filed 2026-04-10 (appears timely; no late-filing indication)
Context
- This was a tax withholding in connection with RSU vesting (a common administrative event). It is not a market sale by the insider and does not necessarily indicate a change in sentiment about the company.