Nottebohm Olivia 4
4 · BOX INC · Filed Apr 23, 2026
Research Summary
AI-generated summary of this filing
BOX COO Olivia Nottebohm Receives RSU Award; Shares Withheld
What Happened
Olivia Nottebohm, Chief Operating Officer of Box, was granted 4,343 restricted stock units (RSUs) on 2026-04-22 (transaction code A). Those RSUs were deemed 100% vested immediately upon grant. To satisfy tax withholding obligations related to the net settlement of the award, 2,180 shares were withheld at $24.33 per share (transaction code F), representing approximately $53,039. The withholding is a company action to cover taxes and does not represent a sale by the reporting person.
Key Details
- Transaction date: 2026-04-22; Form 4 filed 2026-04-23 (timely).
- Award: 4,343 RSUs granted at $0.00 (typical for RSU grants).
- Withholding: 2,180 shares withheld at $24.33/share for tax obligations — ~$53,039.
- Shares owned after the transactions: not disclosed in the provided filing excerpt.
- Relevant footnotes: F1 (RSUs granted as FY2026 executive bonus and 100% vested), F2 (some RSUs are time- and performance-based), F3 (withheld shares satisfy tax withholding; not a sale).
Context
This was an award (grant of RSUs) with immediate vesting and an internal net-settlement to cover taxes. Net share withholding is routine for RSU settlements and should not be interpreted as an open-market sale. No late filing issues were indicated in the reported Form 4.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-04-22+4,343→ 579,331 total - Tax Payment
Class A Common Stock
[F3][F2]2026-04-22$24.33/sh−2,180$53,039→ 577,151 total
Footnotes (3)
- [F1]Represents Restricted Stock Units ("RSUs") that were granted as a bonus payment earned under the Company's Fiscal Year 2026 Executive Bonus Plan. These RSUs were deemed 100% vested immediately following their grant.
- [F2]Certain of these shares are represented by time-based and performance-based RSUs. Each RSU represents the Reporting Person's right to receive one share of Common Stock of the Issuer subject to the applicable vesting schedule and the Reporting Person's continuous service through each such date.
- [F3]Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of RSUs and does not represent a sale by the Reporting Person.