Xu Chuck 4
Research Summary
AI-generated summary
Qnity President Xu Chuck: Shares Withheld for Taxes
What Happened
- Xu Chuck, President (Interconnect) of Qnity Electronics (Q), had 136.172 shares disposed (withheld) to satisfy tax withholding related to lapsed restricted stock units (RSUs). The shares were valued at $110.97 each, totaling about $15,112. This was a tax-withholding disposition (routine), not an open-market sale.
Key Details
- Transaction date: 2026-02-15; Filing date (Form 4): 2026-02-18
- Shares withheld/disposed: 136.172 at $110.97 per share; aggregate value ≈ $15,112
- Transaction code: F — taxes withheld on lapsed RSUs and associated dividend equivalent units (footnote F1)
- Shares owned after transaction: not specified in the filing
- This action is a tax withholding/settlement of equity awards (routine) rather than an intentional purchase or sale for investment
Context
- When RSUs vest, companies commonly withhold a portion of shares to cover income taxes and any related liabilities; these withheld shares are recorded as a disposal on Form 4. Such transactions are administrative and do not necessarily indicate the insider’s view of the company’s stock.