Davis Zach 4
Research Summary
AI-generated summary
Cheniere (LNG) CFO Zach Davis Exercises RSUs; Shares Withheld
What Happened
- Zach Davis, EVP & CFO of Cheniere Energy (LNG), had previously granted restricted stock units (RSUs) vest on Feb 8 and Feb 9, 2026. A total of 7,919 RSUs converted to common shares (3,975 on Feb 8 and 3,944 on Feb 9).
- To satisfy tax withholding obligations the company withheld 980 shares on Feb 8 at $213.11 each ($208,848) and 1,446 shares on Feb 9 at $215.65 each ($311,830), for total tax-withheld value of about $520,678.
- Net shares delivered to Davis after withholding: 7,919 vested − 2,426 withheld = 5,493 shares retained.
Key Details
- Transaction dates: Feb 8, 2026 (3,975 RSUs vested; 980 shares withheld) and Feb 9, 2026 (3,944 RSUs vested; 1,446 shares withheld).
- Prices used for withholding: $213.11 (Feb 8) and $215.65 (Feb 9); totals withheld $208,848 and $311,830 respectively.
- Transaction codes: M = exercise/conversion of derivative (RSU conversion to shares); F = payment of tax liability via share withholding.
- Shares owned after transaction: Not specified in the excerpt of the filing provided.
- Filing: Form 4 filed Feb 10, 2026 for Feb 8–9 transactions — appears timely (Form 4 is generally due within 2 business days).
Context
- These were RSU vesting events (each RSU = right to one share) that converted into shares; the company withheld a portion of shares to cover required taxes (a routine, non-market-sale method of satisfying tax obligations).
- This is not an open-market sale or purchase — it reflects receipt of vested compensation and routine tax withholding, so it shouldn’t be interpreted as a separate buy or sell signal by the insider.