Colgrove John 4
Research Summary
AI-generated summary
Everpure (PSTG) CVO John Colgrove Withholds 58,552 Shares for Taxes
What Happened
- John Colgrove, Chief Visionary Officer and Director of Everpure, reported that 58,552 shares were disposed on 2026-03-20 at $65.45 per share (total value $3,832,228). The filing lists the transaction code F, indicating shares were withheld to satisfy tax withholding/remittance obligations related to the vesting and net settlement of his equity awards.
- This is a tax-withholding/cashless net settlement related to previously granted awards and is not an open-market sale by Colgrove.
Key Details
- Transaction date: 2026-03-20; Filing date (Form 4): 2026-03-24 (filed within the required reporting window).
- Price: $65.45 per share; Shares withheld/disposed: 58,552; Reported aggregate value: $3,832,228.
- Transaction code: F (payment of exercise price or tax liability via share withholding). Footnote F1 clarifies the shares were withheld by the issuer to cover income tax withholding and do not represent a sale by the Reporting Person.
- Other reported holdings: the filing references shares held in various family/irrevocable trusts (footnotes F2–F5).
- Shares owned after the reported transaction are not specified in the excerpt provided.
Context
- This was a tax-withholding/net-settlement of vested equity (a routine administrative action), not a discretionary sale in the market; such withholdings are common when awards vest.
- For retail investors: withholdings to cover taxes generally do not signal insider bearishness—no new cash sale was reported here.