Rispoli Michael J. 4
Research Summary
AI-generated summary
Newmark (NMRK) CFO Michael Rispoli Withholds 32,824 Shares for Taxes
What Happened
Michael J. Rispoli, Chief Financial Officer of Newmark Group, had 64,292 restricted stock units (RSUs) vest on March 15, 2026. To cover tax withholding, the company withheld 32,824 of those shares (disposed) at an implied value of $14.19 per share, totaling approximately $465,773. The remaining 31,468 shares were issued to Rispoli.
Key Details
- Transaction date and price: March 15, 2026; 32,824 shares withheld at $14.19/share; value ≈ $465,773. (Transaction code F = tax withholding.)
- Vested vs issued: 64,292 RSUs vested; 32,824 shares withheld for taxes; 31,468 shares delivered to Rispoli.
- Shares held after transaction: 118,672 shares of Class A common stock held directly after vesting/withholding (per filing).
- Unvested RSUs remaining: 578,545 RSU-linked shares remain under the 2022 Employment Agreement (371,415 and 207,130 described in footnotes) vesting on multi-year schedules.
- Filing timeliness: Form 4 filed March 16, 2026 for a March 15, 2026 event — appears timely.
Context
This was a routine tax-withholding disposition tied to RSU vesting (company withheld shares to satisfy tax obligations). Such withholdings are common and do not reflect an open-market sale or an independent decision to reduce holdings. For investors, purchases are generally more informative about insider sentiment; this filing documents compensation vesting and tax settlement.