Caputo Richard L. Jr. 4
Research Summary
AI-generated summary
V2X SVP Richard L. Caputo Jr. Receives Award, Withholds Shares
What Happened
Richard L. Caputo Jr., Senior Vice President, Aerospace Systems at V2X (VVX), had performance stock units (PSUs) vest on Feb 25, 2026, which converted into 1,337 shares of common stock. To cover tax withholding on the vesting, 450 shares were surrendered/disposed at $68.56 per share for a tax liability of $30,854. The net shares delivered to Caputo after withholding were 887 shares. The filing reports the PSU-to-stock conversion (derivative exercise/conversion) and the related tax withholding.
Key Details
- Transaction date: February 25, 2026; SEC Form 4 filed Feb 27, 2026 (appears timely).
- Converted/received: 1,337 shares via vesting/conversion of PSUs (transaction code M).
- Withheld/disposed for taxes: 450 shares at $68.56 each = $30,854 (transaction code F).
- Net shares received: 1,337 − 450 = 887 shares.
- Shares owned after transaction: not specified in the provided filing data.
- Footnotes: PSUs were granted March 10, 2023 and vested Feb 25, 2026 upon achievement of certain stock-price conditions; PSUs were convertible one-for-one to common stock.
- Transaction codes: M = exercise/conversion of derivative (PSUs converted to stock); F = shares withheld to satisfy tax withholding.
Context
- This was a PSU vesting event, not an open-market purchase or a voluntary sale. The 450-share "sale" reflects tax withholding, a routine administrative step when awards vest.
- The filing shows conversion/cancellation of the derivative PSUs into stock rather than a cash exercise; no discretionary market-selling by the insider was reported.
- For investors: awards and tax-withholdings are common and do not necessarily indicate insider buying or negative sentiment. Purchases by insiders tend to be more informative about confidence than routine vesting-related disposals.