Schulz Tamara L 4
Research Summary
AI-generated summary
Circle (CRCL) CAO Tamara Schulz Receives RSU Award, Sells Shares
What Happened
- Tamara L. Schulz, Chief Accounting Officer of Circle Internet Group (CRCL), received an award of 17,555 restricted stock units (RSUs) on Feb 1, 2026. Following vesting-related activity, 697 shares were withheld to cover taxes (Feb 2) and she sold 1,527 shares in the open market on Feb 3 for $59.80 each, totaling $91,315.
- The tax withholding on Feb 2 was reported as 697 shares disposed at $63.93 per share for $44,559. The RSU grant was reported at $0 acquisition price because it is an equity award that vests over time.
Key Details
- Grant: 17,555 RSUs granted on 2026-02-01 (reported as Award/Acquisition, code A).
- Tax withholding: 697 shares withheld on 2026-02-02 at $63.93/share, proceeds $44,559 (code F).
- Sale: 1,527 shares sold on 2026-02-03 at $59.80/share, proceeds $91,315 (open market sale, code S).
- Sale executed pursuant to a 10b5‑1 trading plan (per filing).
- Vesting schedule: the newly granted RSUs vest in 16 substantially equal monthly installments, subject to continued service (per footnote).
- Reported holdings (per filing): 17,181 shares of Class A common stock held outright and 80,829 shares issuable upon vesting of RSUs.
- Filing date: Form 4 filed 2026-02-03; no indication in the filing that this was late.
Context
- The grant is an equity compensation award (RSUs) that vests over time — not an immediate cash purchase. The tax-withholding sale (code F) is routine to satisfy tax obligations when stock vests. The open-market sale was executed under a pre-established 10b5‑1 plan, which is a common way for insiders to sell on a preset schedule and reduce concerns about trading on material nonpublic information.