Castetter Andrea 4
Research Summary
AI-generated summary
Inotiv (NOTV) EVP Andrea Castetter: Shares Withheld for Taxes
What Happened
Andrea Castetter, EVP, General Counsel, Secretary & CCO of Inotiv, had 5,800 shares withheld by the company to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs). The withholding was recorded at $0.02 per share for a total value of $107. This was not an open-market sale or purchase — it’s a routine tax-withholding/cashless settlement on vested equity.
Key Details
- Transaction date: 2026-06-18; Filing date: 2026-06-23 (filed one business day late vs. the typical 2-business-day Form 4 deadline).
- Transaction code: F (payment of exercise price or tax liability); footnote F1: shares were withheld by Inotiv to satisfy tax withholding on RSU vesting.
- Shares withheld: 5,800 at $0.02 each; total value reported $107.
- Shares owned after the transaction: not specified in the provided filing.
Context
- This is a cashless/withholding action tied to RSU vesting, common for tax obligations and not a directional insider trade.
- Such withholdings do not indicate a sale in the market and generally do not imply the insider’s view of the company’s prospects.