ROBBIATI TAREK 4
Research Summary
AI-generated summary
Everpure (PSTG) CFO Tarek Robbiati Withholds 23,337 Shares
What Happened
- Tarek Robbiati, Chief Financial Officer of Everpure, had 23,337 shares withheld by the company on March 20, 2026 to satisfy income tax withholding related to the vesting/net settlement of equity awards. The withholding was recorded at $65.45 per share, for a notional amount of $1,527,407.
- This transaction is a tax withholding/net settlement (code F) and, per the filing footnote, does not represent a sale by the reporting person.
Key Details
- Transaction date and price: March 20, 2026 — 23,337 shares at $65.45 each.
- Total value (withheld): $1,527,407 (calculated at the reported price).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: F1 states the shares were withheld by the issuer to satisfy income tax withholding/remittance for vested equity and do not represent a sale by the reporting person.
- Filing date: March 24, 2026 — filed within the standard SEC Form 4 reporting window (filed by the second business day after the transaction).
Context
- This was a routine tax-withholding/net settlement tied to vested awards, not an open-market sale or purchase. Such withholdings are common when equity awards vest and should not be interpreted as a directional trade signal by the insider.