Form 4: Resideo CFO Sells Shares for Tax Obligations

Resideo Technologies' Chief Financial Officer, Michael Carlet, disposed of 1,540 common shares to cover tax withholding obligations at a price of $27.37 per share.

Summary

• Michael Carlet, Chief Financial Officer of Resideo Technologies, Inc. (REZI), reported a disposition of common stock.
• The transaction involved the sale of 1,540 shares of common stock.
• The shares were disposed of at a price of $27.37 per share.
• The transaction code 'F' indicates a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, Michael Carlet beneficially owns 160,861 shares of common stock directly.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax withholding obligations, which is a common and non-discretionary event for executives receiving equity compensation. It does not indicate a change in management's view of the company's prospects.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal direct impact on shareholders as it is a routine, non-discretionary transaction for tax purposes, not a discretionary sale based on market outlook.

Key Dates

Keywords

Resideo Technologies, REZI, Michael Carlet, Chief Financial Officer, CFO, Insider Transaction, SEC Form 4, Stock Sale, Tax Withholding, Corporate Governance