Schafer Douglas M. JR 4
Research Summary
AI-generated summary
MIAX EVP Douglas M. Schafer Jr Surrenders 108,550 Shares for Taxes
What Happened
- Douglas M. Schafer Jr, EVP and Chief Investment Officer of Miami International Holdings, surrendered 108,550 shares on Feb 10, 2026. The filing lists a per-share value of $41.33, totaling $4,486,372. The reported disposition is classed as payment of tax withholding (code F), not an open-market sale by the insider.
Key Details
- Transaction date: 2026-02-10
- Price reported: $41.33 per share
- Shares involved: 108,550 surrendered
- Reported aggregate value: $4,486,372
- Filing date: 2026-02-12 (timely)
- Footnote: F1 — shares were surrendered to the company to satisfy tax withholding in connection with the net settlement of restricted stock awards and do not represent a sale by the reporting person
- Shares owned after transaction: not specified in the provided filing summary
Context
- This was a tax-withholding/net-settlement event tied to restricted stock vesting (the company retained shares to cover taxes). Such transactions are routine administrative steps and should not be interpreted the same as an open-market sale or a new purchase signal.