Gandert Nathaniel 4
Research Summary
AI-generated summary
Getty Images (GETY) CTO Nathaniel Gandert Withholds 2,023 Shares for Taxes
What Happened
- Nathaniel Gandert, Chief Technology Officer of Getty Images (GETY), had 2,023 shares of Class A common stock withheld by the issuer to satisfy tax withholding obligations tied to the vesting/settlement of restricted stock units (RSUs). The withholding was reported as a disposal at $0.81 per share, totaling approximately $1,639.
- This was a tax-withholding disposition (transaction code F), not an open-market sale or a purchase.
Key Details
- Transaction date: March 20, 2026; Filing date (Form 4): March 24, 2026.
- Price: $0.81 per share; Total value of shares withheld: ~$1,639.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnote: F1 — Shares withheld by the issuer to satisfy tax withholding on RSU vesting/settlement.
- Filing timeliness: Form 4 was filed four days after the transaction date; insiders are generally required to file within two business days, so this filing may have been later than the standard window.
Context
- This is a routine tax-withholding event (often called a "cashless" or share-withholding settlement) that happens when RSUs vest; it does not necessarily indicate the insider is selling shares for investment reasons. Such withholdings reduce the insider’s outstanding share count but do not represent an active market sale.