POSEY BRUCE K 4
Research Summary
AI-generated summary
Qualys (QLYS) CLO Bruce Posey Receives Stock Awards
What Happened
- Bruce K. Posey, Chief Legal Officer of Qualys (QLYS), received a total of 8,113 shares as performance-based awards that vested on Feb 3, 2026 (acquisition price $0.00). To cover tax withholding, 3,645 shares were surrendered/disposed at $127.52 per share, generating proceeds/withholding of about $464,811. The awards relate to performance grants made in Oct 2022, Oct 2023 and Oct 2024 (per footnotes).
Key Details
- Date of transactions: February 3, 2026 (filed Feb 5, 2026 — timely).
- Awards vested: 8,113 shares acquired (reported at $0.00 per share).
- Shares withheld for taxes (disposed): 3,645 shares at $127.52 each, totaling ~$464,811 (breakouts shown on the Form 4).
- Footnotes: acquisitions reflect determination that performance conditions were met for awards granted Oct 27, 2022; Oct 26, 2023; and Oct 30, 2024. Withheld shares were used to satisfy tax liabilities on those vestings.
- Shares owned after the transaction: not specified in the provided summary of this filing.
Context
- These transactions are vesting of performance share units (awards), not open-market buys or discretionary sales. The withholding of shares for taxes is a routine, administrative step (reported as code F), not a market sale by the insider.
- For retail investors, awards + withholding typically reflect compensation vesting rather than an insider expressing a buy/sell view.