Krupa Ander C. 4
Research Summary
AI-generated summary
Albemarle GC Krupa Ander Withholds 188 Shares for Taxes
What Happened
Krupa Ander C., General Counsel and Secretary of Albemarle Corp (ALB), had 188 shares withheld on 2026-02-24 to satisfy tax withholding obligations tied to vested restricted stock units. The shares were valued at $186.83 each, for a total consideration of $35,124. This was a tax-withholding disposal (routine), not an open-market sale or new purchase.
Key Details
- Transaction date: 2026-02-24 (reported on Form 4 filed 2026-02-26).
- Price per share: $186.83; Shares withheld/disposed: 188; Total value: $35,124.
- Transaction code: F — tax withholding to cover tax liability on vesting.
- Footnote: Shares were withheld to meet tax liabilities associated with RSUs granted on 2/24/2023.
- Exhibit/remark: EX-24 (Power of Attorney) included in filing.
- Shares owned after transaction: not disclosed in the provided Form 4 summary.
- Timeliness: Filed within the SEC reporting window (transaction 2/24, filing 2/26); not indicated as late.
Context
Withholding shares to cover taxes on vested RSUs is a common, routine administrative action and generally does not signal insider sentiment about the stock. This is a disposal for tax purposes rather than a market sale; purchases are usually more informative about insider confidence. The amount ($35k) is modest relative to typical executive holdings.
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