Logitech (LOGI) Director Sascha Zahnd Sells 136 Shares (Tax Withholding)

What Happened

• Sascha Zahnd, a director of Logitech International S.A., remitted/returned 136 shares to the company on Sept 9, 2026 to satisfy tax withholding obligations tied to previously vested RSUs. The reporter lists the disposition as 136 shares at $98.44 each, totaling $13,388 (USD).

Key Details

• Transaction date: 2026-09-09; Filing date: 2026-09-11 (Form 4 accession 0001943789-26-000002).
• Price reported: $98.44 per share; total value: $13,388.
• Price conversion: closing price was CHF 79.66 on the SIX Swiss Exchange, converted at 1 CHF = $1.23571 to yield $98.44 (see footnote).
• Nature of transaction: Code F — exempt disposition to the issuer under Rule 16b-3(e) to satisfy tax withholding on vested RSUs (footnote indicates these were previously reported RSUs).
• Shares owned after the transaction: not specified in the provided filing details.
• No indication in the filing that this was an open-market sale or a purchase — it is a tax-withholding/cashless settlement.

Context

• This was a tax-withholding event related to RSU vesting (a routine administrative disposition), not an open-market sale intended as a market signal. Such transactions are common when companies withhold shares to cover taxes due upon vesting.
• The filing is informational; it does not, by itself, indicate insider sentiment about the company.