Form 4: Newmark Director Lutnick Reports RSU Vesting, Tax Shares

Newmark Group Director Kyle Lutnick reported the vesting of 1,501 restricted stock units and the withholding of 680 shares for tax purposes.

Summary

• Kyle Lutnick, a Director at Newmark Group, Inc., reported a transaction on March 15, 2026, involving the vesting of restricted stock units.
• 1,501 restricted stock units (RSUs), previously granted as compensation under the company's Long Term Incentive Plan, vested and became issuable as Class A Common Stock.
• The company withheld 680 shares of Class A Common Stock at a price of $14.19 per share to cover tax obligations related to the RSU vesting.
• The remaining 821 shares of Class A Common Stock were subsequently issued to Mr. Lutnick.
• Following this transaction, Mr. Lutnick directly holds 6,827 shares of Class A Common Stock and 2,316 unvested RSUs.
• The 2,316 RSUs are scheduled to vest ratably on a five-year schedule, commencing on their grant date of March 15, 2024, contingent on Mr. Lutnick continuing to provide services to the company or its affiliates.
• Additionally, Mr. Lutnick indirectly holds 538 shares of Class A Common Stock in his 401(k) account as of March 2, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine vesting of previously granted compensation and a standard tax withholding, with no immediate positive or negative implications for the company's operational or financial health.

Positives

• The vesting of 1,501 restricted stock units indicates a portion of previously granted compensation has been realized by the director, reflecting a successful milestone in his equity incentive plan.

Negatives

• 680 shares of Class A Common Stock were withheld by the company for tax purposes, reducing the net number of shares received by the director from the RSU vesting.

Risks

• The vesting of the remaining 2,316 restricted stock units is contingent upon the reporting person continuing to provide services exclusively for the Company or any of its affiliates through the applicable vesting dates.

Future Outlook

The remaining 2,316 restricted stock units held by Kyle Lutnick are scheduled to vest ratably over a five-year period, commencing March 15, 2024, provided he continues to provide services to the company or its affiliates.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as RSU vesting and tax withholdings reported on Form 4, are common occurrences in publicly traded companies and typically do not signal significant shifts in company strategy or performance. They reflect standard executive compensation practices.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation event. The slight increase in shares issued to the director is offset by the tax withholding.
• Employees: Reflects standard equity compensation practices for executives within the company.

Next Steps

• The remaining 2,316 restricted stock units will continue to vest ratably on a five-year schedule, contingent on continued service to the company or its affiliates.

Key Dates

Keywords

Newmark Group, NMRK, Kyle Lutnick, Form 4, SEC Filing, Restricted Stock Units, RSU Vesting, Insider Transaction, Director Compensation, Tax Withholding, Equity Compensation