Nordstrom Phyllis B 4
Research Summary
AI-generated summary
3D Systems (DDD) CFO Phyllis Nordstrom Withholds 14,521 Shares for Taxes
What Happened
Phyllis Nordstrom, EVP, Chief Financial Officer and Chief Accounting Officer of 3D Systems (DDD), had 14,521 shares withheld to satisfy tax withholding obligations related to the vesting of restricted stock. The shares were recorded at $1.87 each, for a total withholding value of $27,154. This was a tax-withholding disposition (Form 4 code F), not an open-market sale.
Key Details
- Transaction date: 2026-04-01; filing date: 2026-04-03 (timely filing).
- Shares withheld/disposed: 14,521 at $1.87 per share; total value ~$27,154.
- Transaction code: F (shares withheld to cover tax liability).
- Footnote: Shares were withheld to satisfy tax withholding obligations for the vesting of restricted stock granted on April 1, 2025.
- Shares owned after transaction: not specified in the filing.
Context
Withholding shares to cover taxes on vested restricted stock is a routine administrative action and not the same as an open-market sale driven by the insider. Such dispositions reduce the insider’s reported share count only to satisfy tax obligations and do not necessarily indicate a change in the insider’s view of the company.