McFeaters Charles V 4
Research Summary
AI-generated summary
PEG President Charles McFeaters Withholds 549 Shares for Taxes
What Happened
- Charles V. McFeaters, President & Chief Nuclear Officer (PSEG Nuclear) at Public Service Enterprise Group (PEG), had 549 shares withheld to satisfy a tax obligation on Feb 13, 2026. The withheld shares were valued at $84.91 each, totaling about $46,616.
- This disposition is a tax-withholding/cashless arrangement (transaction code F), not an open-market sale — a routine administrative step following awards or option exercises.
Key Details
- Transaction date and price: 2026-02-13, 549 shares at $84.91 each.
- Total value withheld: approximately $46,616.
- Shares owned after transaction: not specified in the Form 4 filing.
- Notable footnote: transaction coded "F" — payment of exercise price or tax liability (shares withheld to cover taxes).
- Filing timeliness: transaction reported on Form 4 filed 2026-02-18 (5 days after the transaction); this appears to be a late filing relative to the usual two-business-day requirement for Form 4s.
Context
- When shares are withheld to cover taxes (or exercise price), it is a non-market, administrative transfer and generally should not be interpreted as a directional trading signal like an open-market buy or sell.
- No indication from this filing that McFeaters made an open-market sale or purchase; the action likely stems from vesting or option settlement mechanics.