Randle Race A. 4
Research Summary
AI-generated summary
Maui Land & Pineapple (MLP) CEO Randle Race Surrenders 3,437 Shares
What Happened
- Randle Race A., CEO of Maui Land & Pineapple Co. Inc. (MLP), disposed of 3,437 shares on 2026-07-06 to satisfy a tax liability (transaction code F). The shares were recorded at $0.00 per share, yielding no cash proceeds — this indicates the shares were surrendered/withheld rather than sold on the open market.
Key Details
- Transaction date: 2026-07-06; Filing date: 2026-07-07 (Form 4 covering the 7/6 transaction).
- Shares disposed: 3,437; Reported price per share: $0.00; Total proceeds reported: $0.
- Shares owned after transaction: Not stated in the filing.
- Footnote/transaction code: F — payment of exercise price or tax liability (shares likely withheld to cover taxes).
- Filing timeliness: Report appears filed the next day; no late filing flag noted in the document.
Context
- This is a tax-withholding / share-surrender event tied to an earlier equity award or option exercise, not an open-market sale. Such withholding transactions are routine administrative actions and do not necessarily indicate the insider’s market view.