MORTON ANDREW JOHN 4

What Happened Andrew Morton, Head of Markets at Citigroup, had 73,848.19 shares withheld to satisfy tax withholding obligations tied to the vesting of previously awarded stock. The withholding was recorded at $115.55 per share, totaling approximately $8,533,158. This was a tax-withholding disposition tied to vesting — not an open-market sale.

Key Details

• Transaction date: 2026-02-20; filing date: 2026-02-24 (filed within the required reporting window).
• Shares withheld/disposed: 73,848.19 shares at $115.55 per share; total value ≈ $8,533,158.
• Transaction code: F — withholding of shares to satisfy tax obligations on vested awards (footnote F1).
• Shares owned after transaction: not specified in this Form 4 filing.
• This was a withholding for taxes on vesting, not an active sale or purchase by the insider.

Context Tax-withholding transactions (code F) are routine when restricted stock or other awards vest: the company retains or cancels a portion of the award to cover required taxes. Such transactions generally do not signal a change in the insider's market view and differ from open-market sales or purchases.