DiGiovanni Jeffrey 4
Research Summary
AI-generated summary
ISSC CFO Jeffrey DiGiovanni Withholds 749 Shares for Taxes
What Happened
- Jeffrey DiGiovanni, Chief Financial Officer of Innovative Solutions & Support, had 749 shares of common stock withheld by the company on July 8, 2026 to satisfy tax obligations related to the vesting of restricted stock units. The shares were valued at $18.31 each, totaling approximately $13,714. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-07-08; Filing date: 2026-07-10 (filed timely).
- Transaction type/code: F — shares withheld to satisfy tax obligations from RSU vesting.
- Shares withheld/disposed: 749 shares at $18.31 per share, total ≈ $13,714.
- Footnote: F1 — issuer withheld these shares to satisfy the reporting person’s tax obligations on RSU vesting.
- Shares owned after transaction: not specified in this filing.
Context
- This was a routine tax-withholding event (net share settlement) tied to RSU vesting, not a market sale that signals a change in insider sentiment. Such transactions are common when restricted awards vest and do not necessarily reflect the insider’s view of the stock.