Venkatachaliah Girish 4
Research Summary
AI-generated summary
agilon health (AGL) CTO Girish Receives PSU Settlement
What Happened
- Venkatachaliah Girish, Chief Technology Officer of agilon health, received 18,448 shares on March 9, 2026 upon the scheduled vesting/settlement of performance-based restricted stock units (PSUs). The filing shows 18,448 shares acquired (code P) via settlement (no cash purchase price reported).
- To satisfy tax withholding obligations, the company withheld 6,477 shares (reported as a disposition, code F) at $0.60 per share, totaling $3,886. The withheld shares were not sold on the open market but retained by the issuer to cover taxes.
Key Details
- Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (appears timely within the two-business-day window).
- Shares settled: 18,448 PSUs converted to common stock (no cash paid by the insider).
- Tax withholding: 6,477 shares withheld at $0.60/share = $3,886. This is a remittance/withholding, not a market sale.
- Vesting/award background: PSUs were granted April 14, 2023 and vested on March 9, 2026 based on 3-year performance goals; total attainment = 42% (see footnotes).
- Shares owned after the transaction: not provided in the data supplied.
- Footnotes summary: PSUs convert 1:1 to shares; vesting was performance-based (Revenue & Adjusted EBITDA, 2023–2025); net settlement includes withholding and includes restricted stock units.
Context
- This was a scheduled PSU settlement (an award vesting), not an open-market purchase or a sale for cash. The withholding of shares to cover taxes is routine and should not be read as a market sale.
- Performance achievement was 42% of target, so the vested amount reflects partial attainment of the original PSU goals.