Tarbert Heath 4
Research Summary
AI-generated summary
Circle (CRCL) President Tarbert Heath Withholds 7,988 Shares for Taxes
What Happened
Tarbert Heath, President of Circle Internet Group (CRCL), had 7,988 shares of Class A common stock withheld on April 1, 2026 to satisfy his tax withholding obligation upon the vesting of restricted stock units (RSUs). The shares were valued at $95.41 each, totaling approximately $762,135. This is a tax-withholding disposition, not an open-market sale.
Key Details
- Transaction date: 2026-04-01; Filing date: 2026-04-03 (timely Form 4 filing).
- Shares withheld/disposed: 7,988 Class A shares at $95.41 each; total value ≈ $762,135.
- Post-transaction holdings (per footnote): 86,607 shares held outright and 489,561 shares subject to outstanding RSUs.
- Transaction code: F — shares withheld to satisfy tax withholding on vesting (cashless-type withholding), per footnote F1.
- No indication this was a 10b5-1 plan or a gift; it is a routine tax withholding on vested RSUs.
Context
Tax-withholding dispositions are routine when RSUs vest and do not necessarily indicate a change in the insider’s view of the company. This transaction simply satisfied the tax bill associated with vested equity rather than representing a deliberate sale to raise cash or alter ownership.