Boussaid Taoufiq 4
4 · Lucid Group, Inc. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
Lucid (LCID) CFO Taoufiq Boussaid Shares Withheld for Taxes
What Happened
Lucid Group (LCID) Principal Financial Officer Taoufiq Boussaid had 8,393 shares withheld by the company on 2026-06-05 to satisfy tax withholding obligations related to vested performance-based stock units (PSUs) and time-based restricted stock units (RSUs). The withholding occurred at $5.68 per share, a disposition valued at approximately $47,672. This was an issuer withholding for taxes, not an open-market sale by the insider.
Key Details
- Transaction date: 2026-06-05
- Shares withheld/disposed: 8,393 at $5.68 per share — total ≈ $47,672
- Transaction code: F (shares withheld to satisfy tax withholding/remittance)
- Footnote: F1 — shares were withheld by the issuer to satisfy tax obligations tied to settlement of PSUs (service-based vesting met) and vesting of RSUs; the underlying awards were previously reported on Form 4s.
- Shares owned after transaction: not specified in this filing.
- Filing timeliness: no late filing flag indicated.
Context
Withholding shares to cover taxes is a routine administration of equity compensation and does not necessarily signal insider sentiment (unlike an open-market purchase or voluntary sale). This transaction reflects settlement/vesting of previously granted equity awards rather than a discretionary sale by the officer.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-06-05$5.68/sh−8,393$47,672→ 117,829 total
Footnotes (1)
- [F1]Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based stock units ("PSUs"), for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs was previously reported on Form 4s filed by the reporting person.