Day Robert W 4
Research Summary
AI-generated summary
DAR CFO Robert W. Day Receives Performance Shares; Tax Withholding
What Happened
Robert W. Day, Chief Financial Officer of Darling Ingredients Inc. (DAR), received 4,654 shares upon vesting of performance-based awards on March 9, 2026. To satisfy tax withholding, 2,026 of those shares were surrendered/withheld at an indicated value of $51.92 per share, totaling $105,190. This transaction reflects receipt of compensation (award vesting) rather than an open-market purchase or discretionary sale.
Key Details
- Transaction date: March 9, 2026; Form 4 filed March 10, 2026 (no late filing indicated).
- Awarded: 4,654 shares (code A — award/acquisition).
- Tax withholding/disposition: 2,026 shares withheld (code F) at $51.92 per share = $105,190.
- Shares owned after transaction: not specified in the filing.
- Footnote: F1 — shares were received upon vesting of performance shares covering the 2023–2025 performance period.
- Nature: Not an open‑market buy or sale; this is vesting of compensation with shares withheld to cover tax liability.
Context
Vesting-related share receipts and related withholding are common executive compensation events and do not necessarily indicate a change in the insider’s view of the company. Because withheld shares were used to pay taxes rather than sold on the market, this filing primarily documents compensation settlement and tax withholding rather than a cash-raising sale.