Webb-Walsh Brian J. 4
Research Summary
AI-generated summary
NCR Voyix CFO Brian Webb-Walsh Receives 27,012 Shares (Vested RSUs)
What Happened
- Brian J. Webb-Walsh, Executive Vice President & Chief Financial Officer of NCR Voyix Corp (VYX), had 27,012 restricted stock units (RSUs) vest on March 15, 2026. The vesting resulted in the issuance/conversion of 27,012 shares (reported as derivative exercise/conversion, code M).
- To satisfy tax withholding, 12,674 of those shares were withheld and reported as disposed (code F) at $6.50 per share, totaling $82,381. After withholding, the net shares delivered to Webb-Walsh were 14,338 shares.
- The Form 4 shows both the acquisition/conversion and the withholding entries related to the vested RSUs; footnotes in the filing confirm these were vesting-related and the withheld shares covered tax obligations.
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (timely filing).
- Entries: M = exercise/conversion of derivative (27,012 shares at $0.00); F = tax withholding (12,674 shares at $6.50, $82,381).
- Net shares delivered to insider: 14,338 (27,012 acquired minus 12,674 withheld).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 — RSUs vested on March 15, 2026. F2 — Shares withheld to cover tax withholding obligations on vesting.
Context
- This was a vesting of RSUs (an award), not an open-market purchase or sale. The withholding to cover taxes is a routine administrative step and not necessarily a bearish signal.
- The filing lists derivative conversion and withholding entries; for retail investors, the key takeaway is the receipt of net shares from vested compensation rather than a stock purchase or sale for investment purposes.