Plessner Kevin 4
Research Summary
AI-generated summary
TruBridge (TBRG) GC Kevin Plessner Withholds 1,165 Shares for Taxes
What Happened
- Kevin Plessner, General Counsel of TruBridge (TBRG), had a total of 1,165 shares withheld to satisfy tax obligations related to the vesting of restricted stock. The transactions are reported as dispositions (code F) rather than open-market sales.
- Details: 340 shares withheld on 2026-03-13 at $17.31 each ($5,885) and 825 shares withheld on 2026-03-16 at $17.59 each ($14,512). Combined value ≈ $20,397.
Key Details
- Transaction dates and prices:
- 2026-03-13: 340 shares @ $17.31 (disposed) — $5,885
- 2026-03-16: 825 shares @ $17.59 (disposed) — $14,512
- Total shares withheld: 1,165; total value ≈ $20,397.
- Shares owned after the transactions: not specified in the provided excerpt — check the full Form 4 for post-transaction beneficial ownership.
- Footnote: F1 indicates these withholdings were for tax purposes tied to the vesting of restricted stock.
- Filing: Form filed 2026-03-17. Both transactions were reported within the SEC’s two-business-day window (timely).
Context
- These dispositions are tax withholdings on vested restricted shares (a routine, administrative action), not open-market sales or purchases. Such transactions are common when equity awards vest and typically do not signal a change in the insider’s market view.
- For full context on Plessner’s total holdings or other equity awards, review the complete Form 4 and the company’s prior filings.