Sharma Manish 4
Research Summary
AI-generated summary
Accenture (ACN) Chief Strategy Officer Manish Sharma Withholds 1,928 Shares
What Happened
- Manish Sharma, Accenture's Chief Strategy & Services Officer, had 1,928 shares disposed/withheld to satisfy a tax liability tied to an equity event. The transaction is reported as code F (payment of exercise price or tax liability).
- Price per share: $262.22; total value of shares withheld: approximately $505,560. This was a tax-withholding disposition rather than an open-market sale or new purchase.
Key Details
- Transaction date: 2026-02-01 (reported on Form 4 filed 2026-02-03).
- Price: $262.22 per share; shares disposed/withheld: 1,928; gross value ≈ $505,560.
- Transaction code: F — payment of exercise price or tax liability (shares surrendered/withheld).
- Shares owned after the transaction: not provided in the data you supplied.
- Filing timeliness: appears timely (Form 4 filed two days after the transaction).
Context
- This appears to be a routine tax-withholding action commonly used when options vest or restricted shares vest; shares are withheld or surrendered to cover taxes. Such transactions are administrative and do not necessarily signal the insider’s view of the company’s prospects.