DENNISON MICHAEL C. 4
Research Summary
AI-generated summary
Fox Factory CEO Michael Dennison Withholds 7,174 Shares for Taxes
What Happened
- Michael C. Dennison, CEO of Fox Factory Holding Corp (FOXF), had 7,174 restricted stock unit (RSU) shares withheld to cover tax obligations arising from vesting. The shares were recorded at $16.84 each for a total value of $120,810 on February 27, 2026. This is a routine tax-withholding disposition, not an open-market sale.
Key Details
- Transaction date and price: Feb 27, 2026 — 7,174 shares at $16.84 per share.
- Total value of shares withheld: $120,810.
- Footnote: Shares were withheld to satisfy tax obligations from RSU vesting (F1).
- Shares owned after the transaction: not specified in the provided Form 4 summary (see filing for full holdings).
- Filing date / timeliness: Form 4 filed Mar 3, 2026; the report covers the Feb 27 transaction and is not marked as late in the provided data.
Context
- Tax-withholding on vested RSUs is a common administrative transaction and typically does not signal a change in an insider’s market view. This was a cashless method to satisfy tax withholding obligations rather than a voluntary sale into the market.