Herb Brian 4
Research Summary
AI-generated summary
CCC CFO Herb Brian Receives RSUs; 15,703 Shares Withheld
What Happened Herb Brian, Executive Vice President and Chief Financial and Administrative Officer of CCC Intelligent Solutions Holdings (CCC), had 35,445 restricted stock units (RSUs) convert to common shares on March 23, 2026. Of those, 15,703 shares were surrendered/withheld to cover tax withholding at $6.18 per share (total value ~$97,045), so Brian received 19,742 net shares. The RSUs converted at $0.00 exercise price (they are settlement of contingent awards, not an open-market purchase).
Key Details
- Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (generally timely within the 2-business-day rule).
- Conversion: 35,445 RSUs converted to 35,445 shares (transaction code M, exercise/conversion of derivative) at $0.00.
- Tax withholding: 15,703 shares disposed/withheld (transaction code F) at $6.18/share = $97,045.
- Net shares issued to insider: 19,742 shares (35,445 − 15,703).
- Footnote: These were 2022 RSUs granted March 23, 2022, which vest 25% on each of the first four anniversaries of the grant date (F1).
- Shares owned after the transaction are not specified in the provided filing excerpt.
Context
- This was a routine RSU settlement with share withholding to satisfy tax obligations (common cashless-style settlement). The treatment differs from an open-market sale or deliberate buy — the only shares sold/disposed were those withheld for taxes.
- No indication of a 10% owner transaction, gift, or 10b5-1 plan in the provided data.