Form 4: Dover CFO's Tax Withholding on RSU Vesting
Insider Transaction Report
Dover Corporation's Senior VP & CFO, Christopher B. Woenker, reported the withholding of common stock shares for tax obligations related to the vesting of restricted stock units.
Summary
- Christopher B. Woenker, Senior VP & CFO of Dover Corp, reported transactions on March 13, 2026, involving the disposition of common stock.
- These dispositions were shares withheld for taxes in accordance with the terms of the grant upon partial vesting of restricted stock units (RSUs).
- A total of 179 shares were withheld for taxes: 39 shares, 43 shares, and 97 shares, each at a price of $204.28 per share.
- The RSUs from which these shares were withheld were granted on February 10, 2023, February 8, 2024, and February 14, 2025.
- Following these transactions, Mr. Woenker directly beneficially owns 4,005 shares of Common Stock and indirectly owns 1,191 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine and expected transaction related to executive compensation, with no material positive or negative implications for the company's operational or financial performance or the executive's long-term commitment.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
StockSavvy.ai notes that such Form 4 filings, detailing the withholding of shares for tax obligations upon the vesting of restricted stock units, are a routine and common occurrence for executives receiving equity-based compensation across various industries.
Comparison to Industry Standards
- NA
Related Party Transactions
- This filing details a standard compensation-related transaction (shares withheld for taxes upon RSU vesting) between the company and a senior executive, which is a common practice and not indicative of unusual related-party dealings.
Stakeholder Impact
- Shareholders: Provides transparency into executive compensation and confirms the executive's continued, albeit slightly reduced, direct equity ownership.
Key Dates
| Date | Description |
|---|---|
| 02/10/2023 | Grant date of restricted stock units from which 39 shares were withheld for taxes. |
| 02/08/2024 | Grant date of restricted stock units from which 43 shares were withheld for taxes. |
| 02/14/2025 | Grant date of restricted stock units from which 97 shares were withheld for taxes. |
| 03/13/2026 | Transaction date for the withholding of shares for tax purposes. |
| 03/17/2026 | Signature date of the Form 4 filing. |
Recommendation
holdThis Form 4 filing reports a routine, non-discretionary transaction where shares were withheld for tax purposes upon the vesting of restricted stock units. It does not indicate any change in the company's fundamentals, strategic direction, or the executive's long-term commitment, thus maintaining a 'hold' recommendation based solely on this filing.
Keywords
Dover Corp, DOV, Form 4, insider transaction, RSU, restricted stock units, tax withholding, executive compensation
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