Hennessey Peter W 4
Research Summary
AI-generated summary
Qnity (Q) General Counsel Peter Hennessey Withholds 118 Shares for Taxes
What Happened
- Peter W. Hennessey, General Counsel of Qnity Electronics, had 117.947 shares withheld (disposed) to satisfy tax obligations related to lapsed restricted stock units (RSUs) and associated dividend equivalent units. The shares were valued at $110.97 each, totaling $13,089.
Key Details
- Transaction date: 2026-02-15; Filing date (Form 4): 2026-02-18.
- Shares withheld/disposed: 117.947 at $110.97 per share.
- Total value of shares withheld: $13,089.
- Footnote: Taxes were withheld on lapsed RSUs and associated dividend equivalent units (tax-withholding transaction, code F).
- Shares owned after the transaction: not specified in the provided filing data.
- No 10b5-1 plan or late-filing flag was noted in the supplied information.
Context
- This was a tax-withholding event (company retained shares to cover taxes when RSUs vested), not an open-market sale or purchase. Such withholding is routine and does not necessarily indicate insider sentiment about the company’s prospects.