Castelletti James 4
Research Summary
AI-generated summary
SR Bancorp SVP James Castelletti Sells 770 Shares to Cover Taxes
What Happened
James Castelletti, SVP & Senior Commercial Lending Officer at SR Bancorp (SRBK), had 770 shares disposed on 2026-01-29 to satisfy tax withholding related to equity vesting. The shares were valued at $16.64 each, for a total of approximately $12,813. This was a tax-withholding disposition (code F), not an open-market sale intended as liquidity or investment.
Key Details
- Transaction date: 2026-01-29; Filing date: 2026-01-30 (timely).
- Disposition: 770 shares withheld/disposed at $16.64 per share; total ≈ $12,813.
- Transaction code F = payment of exercise price or tax liability (tax withholding on vested equity).
- Footnotes: F1 notes restricted stock vests at 20% per year starting Jan 29, 2026; F2 notes options vest at 20% per year starting Jan 29, 2026.
- Shares owned after transaction: not specified in the filing.
Context
This appears to be a routine tax-withholding transaction tied to equity vesting (likely a portion of restricted stock vesting at the stated 20% annual schedule). Such disposals are common and reflect tax obligations rather than a directional bet on the company’s stock.