Shah Samir B. 4
Research Summary
AI-generated summary
Genworth (GNW) Executive Samir B. Shah Receives RSU Award
What Happened
- Samir B. Shah (President & CEO, CareScout Services) had restricted stock units (RSUs) vest and convert into common stock on February 26, 2026. A total of 80,937 shares were acquired on vesting. To cover tax withholding, the company withheld 29,227 of those shares, resulting in cashless tax withholding of approximately $251,936.74 (29,227 shares at $8.62 each). Net increase to his holdings from this vesting was 51,710 shares.
Key Details
- Transaction date: February 26, 2026 (reported Feb 27, 2026).
- What occurred: RSUs vested and converted to common stock (transaction code M); shares withheld to satisfy tax withholding (transaction code F).
- Shares acquired on vesting: 80,937 (43,431 + 37,506).
- Shares withheld for taxes (disposed): 29,227 (15,683 + 13,544) at $8.62 per share, totaling ~$251,937.
- Shares owned after transaction: not disclosed in the provided excerpt of the Form 4.
- Footnotes: F1–F3 confirm RSUs settle 1:1 into common stock, the RSUs vested and converted on Feb 26, 2026, and the company withheld shares to satisfy the tax withholding obligation.
- Timeliness: Filing appears timely (transaction dated 2/26/2026; Form 4 filed 2/27/2026).
Context
- This was not an open-market sale or purchase but routine RSU vesting with shares withheld to pay taxes (a cashless withholding). Such withholding is common and does not necessarily signal a buy or sell decision by the executive.