DUVALL DAVID L. 4
Research Summary
AI-generated summary
Core Molding (CMT) CEO David Duvall Withholds 15,772 Shares for Taxes
What Happened
- David L. Duvall, CEO of Core Molding Technologies, had 15,772 shares of restricted stock withheld to satisfy tax withholding obligations upon vesting. The withholding was reported as four dispositions on 2026-03-27, with a combined value of approximately $302,704. These were not open-market sales but shares withheld for taxes (reported as "Disposed" and exempt under Rule 16b-3(e)).
Key Details
- Transaction date: 2026-03-27 (reported on Form 4 filed 2026-03-31; filing appears timely)
- Individual transactions:
- 5,595 shares withheld at $18.77 each = $105,018
- 1,772 shares withheld at $18.77 each = $33,260
- 3,988 shares withheld at $20.02 each = $79,840
- 4,417 shares withheld at $19.15 each = $84,586
- Total withheld: 15,772 shares for total value ≈ $302,704
- Shares owned after the disposition: not specified in the provided filing
- Footnote: F1 — the withheld shares were used to satisfy tax withholding upon vesting; the deemed disposition is exempt pursuant to Rule 16b-3(e)
Context
- This was a routine tax-withholding transaction tied to the vesting of restricted stock, not a discretionary open-market sale; such withholdings are common and typically not taken as a directional signal about the CEO’s view of the stock.