Povinelli Brian 4
4 · Planet Fitness, Inc. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Planet Fitness CMO Brian Povinelli Withholds 163 Shares for Taxes
What Happened
Brian Povinelli, Chief Marketing Officer of Planet Fitness (PLNT), had 163 shares of company stock withheld on Feb 10, 2026 to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The withheld shares were valued at $93.01 each, totaling approximately $15,161. This was a tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date and price: 2026-02-10; 163 shares at $93.01 per share (total ~$15,161).
- Nature of transaction: Tax withholding (code F) to cover taxes on vested RSUs.
- Related award: Withholding paid for taxes on the vesting of 548 restricted stock units (per footnote).
- Shares owned after transaction: Not specified in the provided filing.
- Filing timeliness: Reported on 2026-02-11 for a 2026-02-10 transaction (filed the next day).
Context
Withholding shares to cover tax liabilities on vested RSUs is a common, administrative transaction and does not necessarily indicate insider buying or selling for investment reasons. This is a cashless method to settle tax obligations stemming from equity compensation.
Insider Transaction Report
- Tax Payment
Class A common stock
[F1]2026-02-10$93.01/sh−163$15,161→ 4,190 total
Footnotes (1)
- [F1]The reported transaction involved the withholding of 163 shares of stock, pursuant to a prior written election, to pay the taxes associated with the vesting of 548 restricted stock units.