Popovich Timothy 4
Research Summary
AI-generated summary
Climb Global (CLMB) COO Timothy Popovich Withholds 297 Shares for Taxes
What Happened
Timothy Popovich, Chief Operating Officer of Climb Global Solutions, had 297 shares of restricted stock withheld at vesting to satisfy tax obligations. The withholding was recorded on 2026-02-05 at a per-share value of $119.87, resulting in a disposition value of $35,601. This is a routine tax-withholding event (not an open-market sale or purchase).
Key Details
- Transaction date: 2026-02-05; filing date: 2026-02-06 (timely Form 4 filing).
- Price used for withholding: $119.87 per share. Total value: $35,601.
- Shares withheld/disposed: 297 (transaction code F — tax withholding at vesting).
- Shares owned after transaction: not specified in the provided filing.
- Footnote: F1 indicates shares were withheld at vesting to meet the reporting person's tax obligations.
Context
Tax-withholding (code F) is a common administrative disposition when restricted stock vests; the company retains a portion of shares to cover the insider’s tax bill. This type of transaction is routine and does not necessarily reflect the insider’s view on the company’s stock.