Heitz Michael John 4
Research Summary
AI-generated summary
Pursuit (PRSU) CFO Michael Heitz Surrenders 636 Shares for Taxes
What Happened Michael John Heitz, Chief Financial Officer of Pursuit Attractions & Hospitality, had 1,842 Restricted Stock Units (RSUs) vest on January 19, 2026. To satisfy the tax withholding obligation, 636 of those shares were surrendered (disposed) at $33.47 per share for a total value of $21,287. The remaining vested RSUs were issued net of this withholding.
Key Details
- Transaction date: 2026-01-19; reported on Form 4 filed 2026-01-21 (timely filing).
- Surrendered: 636 shares at $33.47 each; total value $21,287. Transaction code F (tax withholding).
- RSU vesting: 1,842 RSUs vested immediately due to a modification of a new-hire award vesting schedule.
- Remaining New Hire Award: 3,683 RSUs will vest in equal installments on Dec 16, 2026 and Dec 16, 2027 (the award was originally issued with full vesting on Dec 16, 2027 due to an administrative error).
- Additional note: Since the last filing, Heitz acquired 18 shares via the company 401(k) plan.
- Shares owned after the transaction: not specified in the Form 4.
Context This was a routine tax-withholding share surrender tied to RSU vesting (not an open-market sale or purchase). Such withholding transactions are common when equity awards vest and do not by themselves indicate a change in insider sentiment.