Emmons Lance 4
Research Summary
AI-generated summary
MIAX CFO Lance Emmons Surrenders 8,350 Shares for Tax Withholding
What Happened
Lance Emmons, EVP and Chief Financial Officer of Miami International Holdings, surrendered 8,350 shares on 2026-03-30 at an effective price of $37.50 per share (value ≈ $313,125). This transaction represents shares withheld by the company to satisfy tax withholding in connection with the net settlement of restricted stock awards — not an open-market sale.
Key Details
- Transaction date: 2026-03-30; Filing date: 2026-04-01 (no late-filing flag indicated).
- Price used for withholding: $37.50 per share; total value ≈ $313,125.
- Transaction code: F (tax withholding). Footnote F1 states these shares were surrendered to the company to satisfy tax withholding and do not represent a sale by the reporting person.
- Shares owned after the transaction: not disclosed in the provided filing excerpt.
Context
This was a tax-withholding/net settlement of restricted stock awards (a cashless-like settlement) rather than a market sale or purchase, so it typically doesn't signal a change in the insider's view on the company. Purchases are generally more informative about insider sentiment; withholding-to-cover transactions are routine administrative actions to meet tax obligations.