Tata Rajiv A. 4
Research Summary
AI-generated summary
Ducommun (DCO) VP Rajiv A. Tata Receives RSUs; 558 Returned
What Happened
Rajiv A. Tata, Vice President, General Counsel & Corporate Secretary of Ducommun, had 1,107 restricted stock units (RSUs) vest and settle on May 14, 2026. Of those, 549 shares were surrendered to satisfy tax withholding at $151.59 per share (value ~$83,223). Separately, 558 shares were returned to the issuer under Ducommun’s Clawback Policy and were not delivered to the reporting person.
Key Details
- Transaction date: May 14, 2026 (reported on Form 4 filed May 15, 2026).
- Tax withholding: 549 shares disposed @ $151.59 each; total ~$83,223 (code F).
- Clawback return: 558 shares returned to issuer (code D); price listed as N/A.
- Total RSUs settled: 1,107; 549 withheld for taxes, 558 returned under clawback.
- Shares owned after transaction: not specified in the supplied filing details.
- Footnotes: withholding reflects settlement tax obligations; 558 shares were returned due to application of the company’s Clawback Policy following a financial statement restatement (per the issuer’s May 1, 2026 Form 8-K).
- Filing timeliness: filing appears timely (transaction 5/14/2026; Form 4 filed 5/15/2026).
Context
This was an RSU settlement with administrative dispositions (tax withholding and clawback), not an open-market sale or purchase. Tax-withholding is a routine administrative step; the 558-share return reflects the company’s clawback policy applied after a restatement, meaning those shares were not delivered rather than sold by the insider. Such administrative dispositions generally do not indicate the insider buying or selling stock on the market.