TWFG (TWFG) COO Katherine C. Nolan Withholds 11,559 Shares for Taxes

What Happened

• Katherine C. Nolan, Chief Operating Officer of TWFG, had 11,559 shares withheld on July 17, 2026, to satisfy tax withholding obligations tied to the release of restricted stock units (RSUs). The withholding value was calculated at $26.35 per share, totaling about $304,580.
• This was a tax-withholding disposition (not an open-market sale). Such withholdings are routine when RSUs vest and typically reflect tax obligations rather than a directional view on the stock.

Key Details

• Transaction date: 2026-07-17
• Price used for withholding: $26.35 per share
• Shares withheld/disposed: 11,559 — total value ≈ $304,580
• Filing date: Form 4 filed 2026-07-21 (filed within the standard two-business-day window for Form 4 reporting)
• Footnote: F1 — shares were withheld at the reporting person’s election to satisfy tax withholding on RSU release
• Shares owned after the transaction: Not specified in the provided filing excerpt

Context

• This was a “tax withholding” disposition (transaction code F): the company retained shares to cover taxes when RSUs vested — effectively a cashless settlement for tax purposes, not a market sale.
• Such transactions are common with equity compensation and do not by themselves indicate insider sentiment about the company’s prospects.