Cornelis Scott 4
Research Summary
AI-generated summary
Enova (ENVA) CFO Cornelis Scott Withholds Shares for Taxes
What Happened
- Cornelis Scott, Chief Financial Officer of Enova International (ENVA), had company shares withheld to cover tax obligations related to the vesting of restricted stock units (RSUs). The filing shows four withholding transactions totaling 915 shares disposed for approximately $147,198.
- Breakdown by transaction: 158 shares @ $159.78 on 2026-02-05 (≈ $25,245); 269 shares @ $161.10 on 2026-02-06 (≈ $43,336); 242 shares @ $161.10 on 2026-02-08 (≈ $38,986); 246 shares @ $161.10 on 2026-02-08 (≈ $39,631). These are dispositions via tax withholding (code F), not open-market sales.
Key Details
- Transaction dates & prices: 2026-02-05 (158 @ $159.78); 2026-02-06 (269 @ $161.10); 2026-02-08 (242 @ $161.10 and 246 @ $161.10).
- Total shares withheld: 915; total value reported across transactions: ≈ $147,198.
- Shares owned after the transactions: not specified in the Form 4.
- Footnote: The filing notes (F1) that the issuer withheld shares to pay taxes on RSU vesting; timing and amounts were determined by the award terms and were not within the reporting person’s control.
- Filing: Form 4 filed on 2026-02-09 reporting transactions from 2026-02-05 through 2026-02-08; the report does not indicate a 10b5-1 plan or other special plan.
Context
- Withholding shares to cover taxes is a routine, administrative disposition common at RSU vesting and is coded “F” for tax withholding. It typically does not reflect a deliberate open-market sale or a change in the insider’s view of the company.