Geldmacher Jay L 4
Research Summary
AI-generated summary
Resideo (REZI) CEO Jay Geldmacher Receives Award; 257K Shares Withheld
What Happened
- Jay L. Geldmacher, President, CEO and Director of Resideo Technologies (REZI), was granted 504,466 shares on 2026-02-13 (reported as an award, code A). To satisfy tax withholding obligations, a total of 257,040 shares were disposed across three withholding transactions (codes F) at $35.98 per share, with reported totals of $7,600,320 (211,208 shares, 2/13), $847,303 (23,546 shares, 2/14) and $801,962 (22,286 shares, 2/15) — combined ~$9.25M. Net shares retained from the award equal 247,426 (504,466 awarded minus 257,040 withheld). The award was reported at $0.00 per share (grant).
Key Details
- Transaction dates and reported prices/values:
- 2026-02-13: Award (A) — 504,466 shares @ $0.00 (acquired)
- 2026-02-13: Tax withholding (F) — 211,208 shares @ $35.98 = $7,600,320 (disposed)
- 2026-02-14: Tax withholding (F) — 23,546 shares @ $35.98 = $847,303 (disposed)
- 2026-02-15: Tax withholding (F) — 22,286 shares @ $35.98 = $801,962 (disposed)
- Combined withheld shares: 257,040; combined value reported: $9,249,585
- Net shares retained from the award: 247,426 (504,466 − 257,040).
- Total shares owned after the transaction are not specified in the supplied filing.
- Footnotes/notes: Withholding transactions are labeled as tax payments (code F). No 10b5‑1 or other plan was disclosed in the provided data.
- Filing timeliness: Transaction dates begin 2026-02-13; Form 4 was filed 2026-02-18. Accounting for the Feb 16 federal holiday, the filing appears to be within the required two business-day window and is not late.
Context
- This was an equity award with shares withheld to satisfy tax obligations (net settlement), not an open-market sale. Withholding of award shares for taxes is a routine administrative step and does not by itself signal a discretionary sale by the insider.