McMullen Greerson Greene 4
Research Summary
AI-generated summary
Stride (LRN) EVP McMullen Greerson Greene Withholds 363 Shares for Taxes
What Happened
- McMullen Greerson Greene, EVP and General Counsel of Stride, had 363 shares withheld by the company to satisfy the executive's withholding tax obligation related to the vesting of restricted shares. The withholding was based on a per-share price of $84.36, for a total value of approximately $30,623. This is a routine tax-withholding disposition (code F), not an open-market sale or purchase.
Key Details
- Transaction date: 2026-03-15; filing date (Form 4): 2026-03-17 (appears timely).
- Price used for withholding: $84.36 per share.
- Shares withheld/disposed: 363; proceeds/value: ~$30,623.
- Shares owned after transaction: not specified in the provided filing details.
- Footnote: The company withheld shares upon vesting to cover the executive's withholding tax. The number withheld was based on the closing price on the vesting date (or the most recent prior market day if the vesting date fell on a weekend/holiday).
Context
- This transaction reflects tax withholding on vesting of restricted stock (a common administrative action) rather than a deliberate buy or sell in the market. Such withholdings reduce reported beneficial ownership but do not necessarily signal insider sentiment.