Panchal Naineshkumar Shantilal 4
Research Summary
AI-generated summary
MarketAxess CIO Panchal Shantilal Withholds 1,470 Shares for Taxes
What Happened
Panchal Naineshkumar Shantilal, Chief Information Officer of MarketAxess Holdings Inc. (MKTX), surrendered 1,470 shares on 2026-03-01 at a reported price of $192.00 per share, for a total value of $282,240. This was a disposition to satisfy the Reporting Person’s tax withholding obligation upon the vesting of previously granted restricted stock units (RSUs), not an open-market sale.
Key Details
- Transaction date and price: 2026-03-01; 1,470 shares at $192.00 each.
- Total value of shares surrendered: $282,240.
- Shares owned after transaction: Not specified in the filing.
- Footnote: F1 — Surrender of shares to the Company to satisfy tax withholding on vested RSUs.
- Filing date: 2026-03-02 (appears timely based on the reported transaction date).
Context
This was a tax-withholding (net share settlement) transaction tied to RSU vesting, a routine administrative disposition that reduces share count to cover taxes. It is not an open-market sale and should not be interpreted on its own as a buy or sell signal about the insider’s view of the stock.