Hazra Rajeeb 4
Research Summary
AI-generated summary
Quantinuum (QNT) CEO Hazra Rajeeb Receives Awards; Shares Withheld
What Happened
Hazra Rajeeb, President & CEO and director of Quantinuum (QNT), reported multiple equity awards and a tax-withholding share disposition. On 2026-06-03 she is reported to have acquired 1,042,561 shares (recapitalization/award, some immediately vested) and 122,791 derivative awards (RSU-type). On 2026-06-04 she was granted an additional 78,333 shares (reported at $0). Separately, 336,389 shares were withheld to satisfy tax liabilities at a reported per-share value of $60.00, producing a cash-equivalent of $20,183,340; the withholding is explicitly noted as not a market sale.
Key Details
- Filing date: 2026-06-08; Reported transaction date(s): 2026-06-03 and 2026-06-04.
- Primary acquisitions reported: 1,042,561 shares (A), 122,791 shares (A, derivative/RSU), and 78,333 shares (A) — prices shown as $0 or N/A in filing.
- Shares withheld for taxes: 336,389 shares disposed under code F at $60.00 = $20,183,340 (F3: withheld to satisfy tax liability; not a market sale).
- Notable footnotes from the filing:
- F1: Some transactions occurred prior to the company’s Section 12 registration in connection with its IPO and are reported now per Rule 16a-2(a).
- F2: The 1,042,561 figure reflects restricted shares acquired in a recapitalization; 768,888 of those became immediately vested.
- F4: RSUs awarded will vest in four equal annual installments beginning June 5, 2027.
- F5: A related stock option (where applicable) vests in four equal annual installments beginning June 5, 2027.
- Shares owned after transaction: not specified in the excerpt provided.
Context
- The 336,389-share disposition is tax withholding to cover withholding obligations on vesting (not an open-market sale), which is common when restricted stock or RSUs vest.
- The filing reports both immediately vested shares from a recapitalization and longer-term RSUs/options that vest over four years; only the immediate vesting increases current voting/transferable shares.
- This Form 4 reports insider awards and tax withholding; it is factual reporting of compensation and tax mechanics and should not be interpreted as an explicit buy or sell signal.