Foster Dale Richard 4
Research Summary
AI-generated summary
Climb Global (CLMB) CEO Dale Foster Receives Award, Withholds Shares
What Happened
Dale Foster, CEO of Climb Global Solutions, reported receiving 15,662 shares as an award on March 5, 2026 (reporting code A). At vesting, 5,910 of those shares were withheld to satisfy tax obligations (reporting code F) at $89.34 per share, resulting in proceeds of $527,999. The award shares were recorded at $0.00 acquisition cost in the filing.
Key Details
- Transaction date: March 5, 2026 (reported on Form 4 filed March 9, 2026).
- Award: 15,662 shares granted/vested (A) @ $0.00.
- Withholding: 5,910 shares withheld for taxes (F) @ $89.34 = $527,999.
- Footnote: F1 — shares were withheld at vesting to meet the reporting person’s tax obligations.
- Shares owned after transaction: not specified in the provided excerpt.
- Filing timeliness: Form filed March 9, 2026; based on transaction date (Mar 5) the filing appears to be timely.
Context
This was an award/vesting event with shares withheld to cover taxes (a common, administrative action), not an open‑market sale. Such withholdings are routine and typically reflect tax withholding rather than a decision to liquidate equity for investment reasons.