Cash Paul F 4
Research Summary
AI-generated summary
Wyndham (WH) GC Paul Cash Receives Awards; 9,377 Shares Withheld
What Happened
Paul F. Cash, General Counsel and Corporate Secretary of Wyndham Hotels & Resorts (WH), received 18,239 shares on March 1, 2026 from the vesting of previously granted performance stock units (PSUs) and restricted stock units (RSUs). Of those, 9,377 shares were withheld to cover tax withholding obligations at a reported per-share value of $81.80, yielding proceeds of approximately $767,039. The awards were issued at $0 cost to the insider (award/grant), and the withholding was recorded as a disposition for tax payment.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely filing).
- Awards: 9,702 shares (PSUs) and 8,537 shares (RSUs) vested — total 18,239 shares acquired (code A).
- Tax withholding: 5,010 shares and 4,367 shares withheld at $81.80/share — total withheld 9,377 shares, proceeds $409,818 and $357,221 respectively (total ≈ $767,039) (code F).
- Footnotes: Awards issued under the Issuer’s 2018 Equity and Incentive Plan; withholding was effected to satisfy tax liabilities and granted in accordance with Rule 16b-3. (See F1–F6 in filing.)
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Transaction codes: A = award/grant; F = tax withholding (sell-to-cover for taxes), not an open-market sale.
Context
This was a routine vesting and tax-withholding transaction — not an open-market sale or a purchase. Withholding of shares to pay taxes (a “sell-to-cover” or share-withhold) is common when PSUs/RSUs vest and does not by itself indicate insider buying or selling intent. No options were exercised and the filing shows these were equity awards vesting into common stock.