Bassi Vinay 4
Research Summary
AI-generated summary
TruBridge (TBRG) CFO Vinay Bassi Withholds 5,723 Shares for Taxes
What Happened
- Vinay Bassi, Chief Financial Officer of TruBridge, reported the withholding of 5,723 shares to cover tax liabilities related to the vesting of restricted stock. The withholding occurred in two steps: 1,758 shares withheld at $17.31 on 2026-03-13 (value $30,431) and 3,965 shares withheld at $17.59 on 2026-03-16 (value $69,744). These were tax-withholdings (code F), not open-market sales.
Key Details
- Transaction dates & amounts:
- 2026-03-13: 1,758 shares withheld @ $17.31 — $30,431
- 2026-03-16: 3,965 shares withheld @ $17.59 — $69,744
- Total withheld: 5,723 shares; total value ≈ $100,175
- Shares owned after transaction: not stated in the provided filing excerpt.
- Footnote: F1 indicates these were share withholdings to satisfy tax obligations on vesting restricted stock.
- Filing date: Form 4 filed 2026-03-17. The 3/13 withholding appears to have been reported after the SEC’s usual two-business-day deadline (i.e., late), while the 3/16 withholding was reported within the two-business-day window.
Context
- Tax-withholding of vested restricted stock is a routine administrative action and does not necessarily signal a view on the company’s prospects. This was a disposition only to satisfy tax obligations (not a discretionary open-market sale).