Cannito Peter Anthony Jr 4
Research Summary
AI-generated summary
Redwire (RDW) CEO Peter Cannito Withholds 19,168 Shares for Taxes
What Happened
Peter Anthony Cannito Jr., Chairman & CEO of Redwire Corporation, had 19,168 shares withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The shares were valued at $11.31 each, for a total of approximately $216,790, with the withholding recorded on July 3, 2026.
Key Details
- Transaction date: 2026-07-03; Filing date: 2026-07-07.
- Transaction type/code: Tax withholding on vesting (code F).
- Shares withheld/disposed: 19,168 at $11.31 each = $216,790. Footnote indicates $11.31 is the closing price on July 2, 2026.
- Shares owned after transaction: Not stated in this Form 4 (see the filing for full beneficial-ownership detail).
- Notable footnotes: F1 = shares mandatorily withheld for taxes on RSU vesting; F2 = closing price on 7/2/2026 used; F3 = filing notes 9,678 shares were acquired via the company ESPP (2,134 of those acquired since the last Section 16 filing).
- This was a withholding to cover taxes (not an open‑market sale or a new purchase).
Context
Tax-withholding dispositions like this are routine when RSUs vest and do not by themselves signal buying or selling intent in the market. For investors tracking insider activity, outright purchases are generally considered more informative than tax withholdings. Check the full Form 4 for Cannito’s total holdings and any other concurrent transactions.