Dorlack Jerome J. 4
Research Summary
AI-generated summary
Adient (ADNT) CEO Jerome Dorlack Withholds 5,896 Shares for Taxes
What Happened
- Jerome J. Dorlack, President & CEO and a director of Adient plc (ADNT), had 5,896 shares withheld to satisfy tax withholding obligations tied to the vesting of equity awards. The shares were valued at $26.46 each, totaling approximately $156,008. This was a withholding/tax payment (transaction code F), not an open-market sale or purchase.
Key Details
- Transaction date: 2026-02-08; reported on Form 4: 2026-02-10 (appears timely).
- Price per share: $26.46; shares withheld/disposed: 5,896; total value: ~$156,008.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: F1 — withholding of shares to cover taxes due in connection with the vesting of restricted stock units or performance share units.
- Transaction type: F = tax withholding (routine), not a discretionary sale or purchase.
Context
- Share withholding to cover taxes is a common, administrative transaction when restricted stock units or performance shares vest; it generally reflects tax obligations rather than a deliberate market view by the insider.
- This is not an exercise-and-sell or an open-market transaction; no implication of a change in insider conviction beyond meeting tax liabilities.