PALOMAKI ERIC 4
4 · CORE MOLDING TECHNOLOGIES INC · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
CMT COO Eric Palomaki Withholds Shares for Taxes
What Happened Eric Palomaki, COO of CORE Molding Technologies, had 7,139 shares of restricted stock withheld on March 27, 2026 to satisfy tax-withholding obligations upon vesting. The withholding occurred in four tranches: 2,549 shares at $18.77 ($47,845), 807 shares at $18.77 ($15,147), 1,748 shares at $20.02 ($34,995), and 2,035 shares at $19.15 ($38,970), for an aggregate deemed disposition of about $136,957. These were withholding transactions (code F), not open-market sales.
Key Details
- Transaction date: 2026-03-27; Form 4 filed 2026-03-31 (filed timely within the 2-business-day window).
- Individual tranches: 2,549 @ $18.77 ($47,845); 807 @ $18.77 ($15,147); 1,748 @ $20.02 ($34,995); 2,035 @ $19.15 ($38,970).
- Total shares withheld: 7,139; total value ≈ $136,957.
- Footnote: Withheld shares were used to satisfy tax withholding on vested restricted stock. The deemed disposition is exempt under Rule 16b-3(e) (common, routine tax withholding).
- Shares owned after the transaction: not specified in the provided filing.
Context This was a tax-withholding event tied to vesting of restricted stock (a routine administrative action), not a discretionary sale or purchase. Such withholdings are common and are treated as exempt transfers for Rule 16b-3 purposes, so they do not indicate a typical insider "sell" signal.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-27$18.77/sh−2,549$47,845→ 166,350 total - Tax Payment
Common Stock
[F1]2026-03-27$18.77/sh−807$15,147→ 165,543 total - Tax Payment
Common Stock
[F1]2026-03-27$20.02/sh−1,748$34,995→ 163,795 total - Tax Payment
Common Stock
[F1]2026-03-27$19.15/sh−2,035$38,970→ 161,760 total
Footnotes (1)
- [F1]Represents shares of restricted stock withheld to satisfy the executive's tax withholding obligation upon vesting of restricted stock. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).