Cunningham Steven E 4
Research Summary
AI-generated summary
Enova (ENVA) CEO Steven Cunningham Sells 13,669 Shares (Tax Withholding)
What Happened
- Steven E. Cunningham, CEO of Enova International, had a total of 13,669 shares disposed by the issuer to satisfy tax withholding related to vested restricted stock units (RSUs). The transactions occurred Feb 5–8, 2026 and generated aggregate proceeds of $2,196,968 (individual lots: 3,870 @ $159.78 = $618,349; 2,030 @ $161.10 = $327,033; 5,209 @ $161.10 = $839,170; 2,560 @ $161.10 = $412,416). These disposals are reported under transaction code F (tax withholding), not as open‑market sales.
Key Details
- Transaction dates and prices: Feb 5 (3,870 @ $159.78); Feb 6 (2,030 @ $161.10); Feb 8 (5,209 @ $161.10 and 2,560 @ $161.10).
- Total shares withheld: 13,669; total proceeds: $2,196,968 (~$2.20M).
- Shares owned after transaction: not specified in the provided filing.
- Footnote: The filing states the issuer withheld shares to pay taxes on RSU vesting (F1); the timing/amount were set by the award terms and not within the reporting person’s control.
- Filing date and timeliness: Form 4 filed Feb 9, 2026; transactions occurred Feb 5–8 and the filing appears to be within the usual two-business-day reporting window.
Context
- This is a routine "sell-to-cover" (share withholding) to meet tax obligations on vested RSUs, which is common and does not necessarily reflect a change in the insider's view of the company. It is not an open-market sale or a 10b5-1 plan trade, and therefore should be read as a tax-related disposition rather than a directional investment signal.