DXC Technology Co·4

May 19, 5:54 PM ET

Del Bene Robert F 4

Research Summary

AI-generated summary

Updated

DXC (DXC) CFO Robert Del Bene Withholds 69,901 Shares for Taxes

What Happened
Robert F. Del Bene, Chief Financial Officer of DXC Technology Co., had a total of 69,901 shares withheld on May 15, 2026 to satisfy tax liabilities tied to vested restricted stock units (RSUs). The Form 4 reports two dispositions: 35,727 shares at $8.94 for $319,399 and 34,174 shares at $8.94 for $305,516, a combined reported value of approximately $624,915. These transactions are tax-withholding dispositions (code F), not open-market sales driven by a trading decision.

Key Details

  • Transaction dates and prices: May 15, 2026 — 35,727 shares @ $8.94 ($319,399) and 34,174 shares @ $8.94 ($305,516).
  • Total shares withheld: 69,901; total reported proceeds/withheld value: ~$624,915.
  • Shares owned after the reported transactions: not provided in the supplied filing excerpt.
  • Footnotes from the filing:
    • F1: Shares withheld to satisfy taxes from 64,604 FY2024 performance-vesting RSUs that settled on May 15, 2026.
    • F3: Shares withheld to satisfy taxes from 61,797 RSUs that vested on May 15, 2026.
    • F2: The amount reported includes unvested RSUs (per the filing).
  • Filing: Form 4 filed May 19, 2026 for transactions on May 15, 2026 — within the typical two-business-day filing window (timely).

Context
These entries are routine tax-withholding events tied to RSU vesting (a cashless settlement mechanism where the company withholds shares to cover taxes). Such withholdings are administrative and do not carry the same informational weight as an open-market sale or a voluntary purchase — they generally do not signal the insider’s market view.