Brown Claude Leonard 4
Research Summary
AI-generated summary
Pinterest CBO Claude Brown Withholds 64,042 Shares for Taxes
What Happened
- Claude Brown, Chief Business Officer at Pinterest (PINS), had 64,042 shares of Class A common stock withheld by the company to satisfy income tax withholding in connection with the vesting and net settlement of previously reported Restricted Stock Units (RSUs). The shares were valued at $18.68 each, totaling approximately $1,196,305. This was a tax-withholding/net-settlement transaction, not an open-market sale or new purchase.
Key Details
- Transaction date: 2026-03-20; Filed: 2026-03-23 (appears timely).
- Disposed/withheld: 64,042 shares at $18.68 per share — total ~$1,196,305.
- Transaction code: F (shares withheld to satisfy tax liability on vested RSUs).
- Footnotes: F1 — shares withheld by the company to satisfy income tax withholding on vested and net-settled RSUs; F2 — some RSUs remain subject to vesting conditions.
- Shares owned after the transaction: not specified in the excerpt provided (see the Form 4 for post-transaction holdings).
Context
- This is a routine net-share settlement for tax withholding after RSU vesting (a common administrative action) rather than a market sale signaling a view on the company. Net withholding reduces the insider’s outstanding share count but does not necessarily indicate a change in sentiment. For full details, review the filed Form 4 (Accession No. 0002106873-26-000006).