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ARM HOLDINGS PLC /UK·4

May 19, 5:17 PM ET

Collins Spencer 4

Research Summary

AI-generated summary

Updated

ARM CLO Collins Spencer Receives RSUs; $7.6M Tax Withholding

What Happened

  • Collins Spencer, Chief Legal Officer of ARM Holdings plc (ARM), had multiple restricted stock units (RSUs) vest on May 15, 2026. On vesting, 77,251 ADSs (each ADS = 1 ordinary share) were issued or converted to her benefit from prior RSU awards and derivative conversions.
  • To satisfy tax withholding on the vesting, 36,310 ADSs were withheld/retained by the company at a reported price of $209.16 per ADS, totaling $7,594,600. After withholding, approximately 40,941 ADSs were retained by Spencer. A new RSU award of 15,716 RSUs was also granted effective May 15, 2026 with future vesting dates.
  • These transactions are compensation-related (awards and vesting), not open-market purchases or discretionary sales.

Key Details

  • Transaction date: May 15, 2026. Form 4 filed May 19, 2026 (appears timely).
  • Key amounts: 77,251 ADSs vested/converted; 36,310 ADSs withheld for taxes at $209.16 = $7,594,600; net issued to insider ≈ 40,941 ADSs. A new grant of 15,716 RSUs was issued (future vesting).
  • Transaction codes: A = award/grant (RSUs), M = exercise/conversion of derivative (RSU conversions/exercises), F = shares withheld for tax withholding.
  • Shares owned after transaction: not reported in the provided excerpt of the filing.
  • Notable footnotes: several awards were performance-based RSUs from 2023–2025 that vested after certification by the Remuneration Committee; the new May 15, 2026 RSU grant vests 30/30/40% over 2027–2029; ordinary shares are held as ADSs (1 ADS = 1 ordinary share).

Context

  • These were vesting and conversion events (compensation). The withholding of shares to cover taxes is routine and is recorded as a disposition (F). Some derivative conversions were reported with $0 cash consideration, consistent with net or in-kind settlement/administrative conversion rather than an open-market sale.
  • Because this activity arises from company awards and tax withholding, it should not be read as a straightforward buy or sell signal; it documents compensation being issued and the company satisfying withholding obligations.