Green Jay Michael 4
Research Summary
AI-generated summary
Accelerant (ARX) CFO Green Jay Michael Sells 28,625 Shares
What Happened
Green Jay Michael, Chief Financial Officer of Accelerant Holdings (ARX), reported a disposition of 28,625 Class A common shares on 2026-03-17. The shares were recorded at $11.63 each, totaling $332,909. The filing code shows this as a disposal (F), but the company notes these shares were withheld to satisfy tax withholding on vested restricted stock units (RSUs), not an open-market sale.
Key Details
- Transaction date: 2026-03-17; Price: $11.63 per share; Total value: $332,909.
- Shares involved: 28,625 Class A common shares withheld.
- Shares owned after transaction: Not reported in the provided filing excerpt.
- Footnote: F1 — Shares were withheld per issuer policy to satisfy tax withholding on vested RSUs; not a discretionary or open-market sale.
- Filing timeliness: Report filed 2026-03-18 for a 2026-03-17 transaction; no late filing indicated.
Context
Code F transactions typically reflect tax withholding on equity awards (a cashless or share-withhold settlement) rather than a directional trade by the insider. Such withholdings are routine following vesting events and do not necessarily indicate a change in the insider’s view of the company.