Tadele Beimnet 4
Research Summary
AI-generated summary
NCR Voyix (VYX) EVP Tadele Beimnet Exercises RSUs; Shares Withheld
What Happened
- Tadele Beimnet, EVP & President, Restaurants at NCR Voyix (VYX), had 4,941 restricted stock units (RSUs) vest and convert to common shares on February 1, 2026 (reported as exercise/conversion, code M).
- Of those 4,941 shares, 1,722 shares were withheld to cover tax withholding obligations at $9.92 per share, totaling $17,082 (reported as payment of tax liability, code F). Net shares delivered to Beimnet were 3,219 (4,941 − 1,722).
- The conversion shows an exercise price of $0.00, consistent with RSU vesting rather than a paid option exercise. No open-market sale of the remaining shares was reported.
Key Details
- Transaction date: February 1, 2026; Form filed February 2, 2026 (appears timely).
- Actions reported: M (exercise/conversion of derivative) — 4,941 shares @ $0.00; F (tax withholding) — 1,722 shares @ $9.92, $17,082 total.
- Net shares received: 3,219 shares after tax withholding.
- Footnotes: F1 — these shares reflect RSUs that vested on Feb 1, 2026; F2 — 1,722 shares were withheld to satisfy tax withholding.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
- This is a routine award/vesting event (RSUs converting to common stock) rather than an open-market purchase or sale. The withholding of shares to cover taxes is a common, administrative action and does not indicate an open-market sale or additional investment decision by the insider.
- Transaction codes: M = exercise/conversion of a derivative (here, RSU vesting), F = shares withheld to pay tax obligations.