Strickland Scott R. 4
Research Summary
AI-generated summary
Wyndham (WH) CCO Scott Strickland Receives RSUs; Tax-Withheld Shares
What Happened
Scott R. Strickland, Chief Commercial Officer of Wyndham Hotels & Resorts (WH), had 2,493 restricted stock units (RSUs) vest on March 10, 2026 (awarded at $0 acquisition price). To cover the tax liability from the vesting, 1,276 shares of common stock were withheld at a price of $73.93 per share, representing about $94,335. Net shares delivered to him from this vesting were 1,217 shares (2,493 vested − 1,276 withheld).
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (filed timely).
- Award: 2,493 RSUs granted/vested (code A) — acquired at $0.00 (F1, F4).
- Tax withholding: 1,276 shares withheld/disposed at $73.93 per share for a total of $94,335 (code F) (F2, F3).
- Net new common shares received: 1,217.
- The filing notes the RSUs were granted under the Issuer's 2018 Amended and Restated Equity and Incentive Plan (footnotes F1–F4).
- No indication of a 10b5-1 plan or late filing in the reported data.
Context
This was primarily a routine vesting of RSUs, not an open-market purchase or a voluntary sale. Withholding shares to cover taxes is common practice and is treated as a disposition on Form 4; it does not necessarily indicate the insider's market view.