Nosbusch Thomas D. 4
Research Summary
AI-generated summary
Everus (ECG) EVP & COO Thomas Nosbusch Receives RSU Award; Shares Withheld
What Happened
- Thomas D. Nosbusch, EVP & COO of Everus Construction Group (ECG), was granted 3,889 restricted stock units (RSUs) on 2026-02-27 (recorded as an acquisition at $0.00). On the same date the issuer withheld 719 and 2,046 shares (two F-coded dispositions) to satisfy tax withholding obligations; those withheld shares are recorded at $120.87 per share for a total withholding value of $334,206 (719 × $120.87 = $86,906; 2,046 × $120.87 = $247,300). The transactions are tax-withholding actions, not open-market sales.
Key Details
- Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (no late-filing flag indicated).
- Grant: 3,889 RSUs (acquired at $0.00).
- Withheld to cover taxes: 719 shares and 2,046 shares (total 2,765 shares) at $120.87/share, total $334,206.
- Net of withheld shares: 1,124 RSUs (3,889 granted − 2,765 withheld), subject to plan rules and vesting.
- Footnotes: F1 — RSUs vest in three equal annual installments beginning Feb 27, 2027, contingent on continued employment. F2 — withheld shares were used to cover tax withholding obligations upon vesting. F3 — share counts in related plans/funds may fluctuate.
- Ownership after transaction: Not specified in the provided filing.
Context
- These transactions are grant-related and tax-withholding actions (transaction code A for award/grant and F for tax withholding). This is not an open-market sale by the insider; the withheld shares were surrendered to the issuer to satisfy withholding obligations. RSUs typically do not convey voting rights until shares are issued and vest; vesting here begins Feb 27, 2027 and occurs over three years per the footnote.