Anderson Gillian 4
Research Summary
AI-generated summary
DNOW VP & CAO Gillian Anderson Surrenders 1,247 Shares
What Happened
- Gillian Anderson, Vice President and Chief Accounting Officer of DNOW Inc., surrendered 1,247 shares on February 7, 2026 to satisfy tax withholding obligations. The shares were valued at $16.76 each, totaling approximately $20,900. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date & price: 2026-02-07 at $16.76 per share (total ≈ $20,900).
- Transaction type: F — shares withheld to satisfy tax withholding (disposed).
- Shares owned after transaction: Not specified in this Form 4.
- Filing date: 2026-02-09 (filed timely relative to the reported transaction).
- Footnotes:
- F1: Number of shares withheld to satisfy tax withholding liability.
- F2: Reporting person also received 19,971 RSUs in connection with the June 26, 2025 merger; these vest 12,864 on Feb 7, 2027 and 7,107 on Mar 12, 2028, subject to continued service and possible accelerated vesting.
Context
- Withholding shares to pay taxes is a routine administrative action when restricted stock or RSUs vest; it does not necessarily indicate a change in the insider’s view of the company. The filing shows this was a tax-related surrender rather than a discretionary sale.