Reeder Raymond Sean 4
Research Summary
AI-generated summary
Rogers (ROG) Controller Sean Reeder Receives RSU Award, Sells 53 Shares
What Happened
- Sean Reeder, Corporate Controller & CAO of Rogers Corp (ROG), received an award of 651 time‑based restricted stock units (RSUs) on 2026-02-12. RSUs convert one-for-one into common shares.
- On 2026-02-13, 53 shares were disposed/withheld at $107.79 per share (total ≈ $5,713) to satisfy tax withholding obligations related to the RSU vesting.
Key Details
- Transactions: 2026-02-12 grant of 651 RSUs (code A); 2026-02-13 withholding/disposition of 53 shares for taxes (code F) at $107.79/share (total ≈ $5,713).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 — RSUs vest in equal one-third increments on each of the first three anniversaries of the grant date (forfeiture rules apply if employment ends, with pro‑rata vesting for death/disability/retirement). F2 — filing notes 27 shares acquired under the company ESPP for the 6-month period ended 12/15/2025. F3 — the 53 shares were withheld by the company to satisfy tax withholding on RSU vesting.
- Filing timeliness: Form 4 filed 2026-02-17. The 02-12 grant appears to have been reported one business day late (Form 4s are generally due within 2 business days); the 02-13 withholding was reported on its 2-business-day deadline.
Context
- This was an equity award plus a routine tax-withholding disposition — not an open-market sale or purchase. Withholding shares to cover taxes on RSU vesting is common and does not necessarily indicate a change in the insider’s view of the stock.
- The RSU award vests over three years (one-third per year), so additional shares will vest (and could trigger further withholding) on the anniversaries of the grant if the grantee remains employed.