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ARM HOLDINGS PLC /UK·4

May 19, 5:07 PM ET

Child Jason 4

Research Summary

AI-generated summary

Updated

ARM (ARM) CFO Jason Child Receives Awards; 37,950 Shares Withheld

What Happened

  • Jason Child, Chief Financial Officer of ARM Holdings plc, had multiple restricted stock units (RSUs) vest or convert on May 15, 2026. The filing shows a total of 105,518 underlying ADSs issued/converted from awards and derivative conversions. To cover tax withholding obligations, 37,950 shares were withheld/disposed at $209.16 per share, producing proceeds of approximately $7,937,622. Several conversion/settlement entries were recorded with $0 cash exchanged, reflecting RSU-to-ADS settlement rather than a market sale.

Key Details

  • Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (timely filing).
  • Transactions reported: multiple RSU awards/grants and conversions (codes A and M), plus a tax/exercise withholding (code F).
  • Shares issued/converted (aggregate shown on form): 105,518 ADSs (sum of grant/conversion line items).
  • Shares withheld to satisfy taxes: 37,950 ADSs at $209.16 each = $7,937,622.
  • Several RSU/derivative items show $0 cash settlement — these are RSU conversions into ADSs (not cash purchases/sales).
  • Footnotes: ADSs represent ordinary shares (1 ADS = 1 Ordinary Share). Vesting tied to performance/service conditions from awards originally granted in 2023–2025; some awards have remaining vesting tranches for 2027–2029. Ordinary shares were withheld specifically to satisfy tax withholding on vesting.
  • Filing does not indicate this was an open-market sale by the insider; the withholding is a routine tax-related disposition.

Context

  • These transactions are largely the mechanical settlement of equity compensation (RSUs) after certification of performance conditions. The withholding of shares to satisfy tax liabilities is a common, routine action and does not necessarily indicate the insider is selling stock for other reasons.
  • Derivative entries with $0 consideration reflect conversion/settlement of RSUs into ADSs rather than the exercise of stock options for cash. The material cash impact reported in this filing is the tax withholding transaction (~$7.94M).