MZTI CEO David A. Ciesinski Surrenders 2,055 Shares for Taxes

What Happened David Alan Ciesinski, President & CEO and a director of Marzetti Co. (MZTI), reported a disposition on 2026-08-15 in which 2,055 shares were surrendered/withheld to satisfy a tax obligation. The shares are recorded at $116.05 each, for a total value of approximately $238,483. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-08-15; Form 4 filed: 2026-08-20 (file appears one business day after the typical 2-business-day deadline for an Aug 15 transaction).
• Shares involved: 2,055 shares disposed/withheld.
• Price per share: $116.05; reported aggregate value: $238,483.
• Transaction code: F — payment of exercise price or tax liability (shares withheld to cover taxes).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: filed on Aug 20; likely filed late by one business day relative to the standard 2-business-day Form 4 deadline.

Context Code F transactions generally reflect withholding of shares to cover taxes from a stock option exercise or restricted stock vesting; they are routine administrative actions and not the same as an open-market sale signaling a change in sentiment. Retail investors should note this is a tax-related disposition rather than a deliberate sale into the market.