Marzetti (MZTI) CFO Thomas K. Pigott Sells 496 Shares to Cover Taxes

What Happened

• Thomas K. Pigott, Vice President, Chief Financial Officer and Assistant Secretary of Marzetti Co. (MZTI), disposed of 496 shares on August 15, 2026 to satisfy a tax obligation. The shares were recorded at $116.05 each, for a total value of approximately $57,561.
• This transaction is a tax-withholding/share-for-taxes event (Form 4 code F), not an open-market sale for investment purposes. Such dispositions are typically routine and related to withholding after an equity award exercise or vesting.

Key Details

• Transaction date: 2026-08-15
• Price per share: $116.05
• Shares disposed/withheld: 496
• Total value (reported): $57,561
• Transaction type/code: Payment of exercise price or tax liability (Code F) — shares withheld/issued to cover taxes
• Filing date: Form 4 filed 2026-08-18 (appears filed within the normal Form 4 reporting window)
• Shares owned after transaction: Not specified in the provided filing excerpt

Context

• This appears to be a tax-withholding disposal tied to an equity award or option exercise (common when shares vest or options are exercised). It is not the same as an open-market sale and usually reflects administrative tax withholding rather than a change in the insider’s view of the company.
• For retail investors, purchases by insiders can be more informative than routine tax-related dispositions; treat this transaction as administrative unless combined with other notable insider buying or selling.