DOVER Corp·4

Mar 17, 6:04 PM ET

Tobin Richard J 4

Research Summary

AI-generated summary

Updated

Dover (DOV) CEO Richard J. Tobin Sells Shares for Taxes

What Happened

  • Richard J. Tobin, Dover's Chairman, President & CEO (and Director), had a total of 5,124 shares withheld/disposed to cover taxes upon partial vesting of restricted stock units. The transactions on 2026-03-13 were at $204.28 per share, totaling $1,046,731 (breakdown below). These were tax-withholding share dispositions (routine), not open-market purchases.

  • Transaction breakdown:

    • 1,734 shares @ $204.28 = $354,222
    • 1,835 shares @ $204.28 = $374,854
    • 1,555 shares @ $204.28 = $317,655

Key Details

  • Transaction date: March 13, 2026; Filing date (Form 4): March 17, 2026 (filed within required time).
  • Price: $204.28 per share for all withheld lots.
  • Shares owned after transaction: Not reported in the data provided in this summary.
  • Footnotes: Shares were withheld for taxes upon partial vesting of RSUs granted on 2/10/2023 (F1), 2/8/2024 (F2), and 2/14/2025 (F3).
  • Transaction code: F (tax withholding/net share settlement) — not a voluntary open-market sale.

Context

  • These disposals are net-share settlements used to satisfy tax obligations when RSUs vest. Such withholding transactions are routine and reflect tax mechanics of equity compensation rather than a directional bet on the stock. No 10b5-1 plan or other special sale program is indicated in the provided filing.