ANGELASTRO PHILIP J 4
Research Summary
AI-generated summary
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).