PARTRIDGE MATTHEW MORRIS 4
Research Summary
AI-generated summary
Seaport Entertainment (SEG) CEO Matt Partridge Withholds 2,726 Shares
What Happened
- Matthew M. Partridge, CEO of Seaport Entertainment Group Inc. (SEG), had 2,726 shares of common stock withheld on March 6, 2026 to satisfy a tax liability tied to the vesting of equity awards. The shares were valued at $21.64 each, totaling $58,991. This was a tax-withholding disposition (code F), not an open-market sale or purchase.
Key Details
- Transaction date and price: March 6, 2026; 2,726 shares at $21.64 each.
- Total value withheld: $58,991.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: The shares were withheld by the issuer to pay the tax liability arising from vested shares granted under the Issuer's 2024 Equity Incentive Plan (per footnote F1).
- Filing: Report filed on March 9, 2026. This appears to be within the usual Form 4 reporting window.
Context
- This was a routine tax-withholding action (cashless/withhold-to-cover) following vesting of awards, not an indication of a discretionary sale or purchase by the insider. Tax withholdings are common and typically do not reflect the insider’s view of the company’s prospects.