Madeksza Matt 4
Research Summary
AI-generated summary
Crown Holdings (CCK) President Matt Madeksza Transfers 984 Shares for Taxes
What Happened
Matt Madeksza, President — Transit Packaging at Crown Holdings (CCK), transferred 984 shares back to the company to satisfy tax withholding obligations tied to the vesting of restricted stock. The shares were valued at $96.08 each, for a total of $94,543. This was a withholding disposition (not an open-market sale).
Key Details
- Transaction date: 2026-05-15; Filing date: 2026-05-18.
- Price per share: $96.08; Shares transferred: 984; Total value: $94,543.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnote: F1 — Shares were transferred to the company for tax withholding in connection with vesting of restricted stock.
- Transaction code: F (tax withholding), a routine disposition to cover tax liability rather than a directional sale.
Context
Tax-withholding transfers occur when companies retain or collect shares to satisfy an insider’s tax liability on vested awards; they are common and typically reflect routine administrative actions rather than a signal about the insider’s view of the stock.