ANGELASTRO PHILIP J 4
4 · OMNICOM GROUP INC. · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Omnicom (OMC) CFO Philip Angelastro Receives Award; Withholds Shares
What Happened
Philip J. Angelastro, Executive Vice President & Chief Financial Officer of Omnicom Group (OMC), received 48,818 shares upon the vesting of performance restricted stock units (PRSUs) on May 22, 2026 (reported as grant/acquisition, code A). To cover the tax liability from the vesting, 24,922 shares were withheld by the company (disposition for tax payment, code F) at $74.93 per share, equal to $1,867,405. Net shares delivered to the insider after withholding were 23,896; the gross value of the vested award at $74.93/share was about $3,657,933.
Key Details
- Transaction date: May 22, 2026; Form 4 filed May 27, 2026 (within the reporting window).
- Award: 48,818 shares (code A) recorded at $0.00 acquisition price (typical for vested RSUs/PRSUs).
- Tax withholding: 24,922 shares withheld (code F) at $74.93/share = $1,867,405.
- Net shares to insider: 48,818 − 24,922 = 23,896 shares.
- Shares owned after transaction: not disclosed in the provided excerpt.
- Footnotes: F1 — PRSUs were granted May 1, 2023 and vested based on return-on-equity performance versus peers; F2 — withheld shares represent payment of tax liability upon vesting.
Context
This was a performance-based equity award vesting (not an open-market purchase or sale). The withholding of shares to cover taxes is a routine net settlement mechanism and is recorded as a disposition for tax purposes, not a market sale. The filing appears timely (filed within the required reporting window).
Insider Transaction Report
- Award
Common Stock, par value $0.15 per share
[F1]2026-05-22+48,818→ 567,318 total - Tax Payment
Common Stock, par value $0.15 per share
[F2]2026-05-22$74.93/sh−24,922$1,867,405→ 542,396 total
- 1,770(indirect: By 401(k))
Common Stock, par value $0.15 per share
Footnotes (2)
- [F1]On May 1, 2023, the reporting person was granted performance restricted stock units ("PRSUs") which vest based on the company's return on equity as compared to that of an industry peer group. The compensation committee of the board of directors of the company determined that the performance criteria had been met, resulting in the vesting of these shares on May 22, 2026.
- [F2]Represents shares withheld by the company for payment of tax liability incident to the vesting of PRSUs.