Lopresti Angelo P 4
Research Summary
AI-generated summary
IPG Photonics (IPGP) 10% Owner Angelo Lopresti Withholds 3,848 Shares
What Happened
Angelo P. Lopresti, a reported 10% owner of IPG Photonics (IPGP), had 3,848 shares withheld to satisfy tax obligations related to vested restricted stock units (RSUs). The withholding is recorded as a disposition (code F) at $131.57 per share, totaling approximately $506,281. This is a tax-withholding event tied to vesting, not an open-market sale.
Key Details
- Transaction date: 2026-03-01; Filing date: 2026-03-03 (appears timely).
- Price: $131.57 per share; Quantity withheld/disposed: 3,848 shares; Total value: ~$506,281.
- Shares owned after transaction: not specified in the provided filing.
- Footnote: F1 — shares were withheld to cover taxes for restricted stock units that vested.
- Transaction code: F (tax withholding on vested equity), not a market sale (S) or purchase (P).
Context
Withholding shares to cover taxes on RSU vesting is routine and does not necessarily indicate a change in the insider’s view of the company. As a 10% owner, Lopresti’s withholding is a tax-administration action rather than a discretionary sale; such transactions are common after RSU vesting.