Kastner Janeen B. 4
Research Summary
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RPM Insider Janeen Kastner Surrenders 748 Shares for Taxes
What Happened Janeen B. Kastner, Vice President — Corporate Benefits & Risk Management at RPM International (RPM), had 1,776 shares vest on May 31, 2026 and surrendered 748 of those shares back to the company to satisfy tax withholding obligations. The 748 shares were reported disposed at $105.97 per share, totaling approximately $79,266. This was a tax-withholding/share-surrender transaction (code F), not an open-market sale for investment purposes.
Key Details
- Transaction date: May 31, 2026; Form 4 filed June 2, 2026 (appears timely).
- Shares surrendered: 748 shares at $105.97 per share; proceeds/withholding value ≈ $79,266.
- Vested shares: 1,776 shares vested on that date; after surrender, 1,028 of those vested shares remained with the reporting person.
- Other holdings noted: the filing references 6,061 unvested restricted shares and 5,540 performance-earned restricted shares, plus shares held in a Fidelity 401(k) trust (no total beneficial ownership number stated in this excerpt).
- Footnote context: F1 explains the surrender was to satisfy tax obligations; transaction code F denotes payment of exercise price or tax liability.
Context This is a routine tax-withholding action tied to equity vesting (shares were surrendered to the issuer to cover taxes), which is common and does not necessarily indicate insider sentiment about the stock. Code F transactions typically reflect tax or exercise payments rather than discretionary selling.