IPG Photonics (IPGP) CEO has shares withheld to cover RSU tax bill
IPG Photonics CEO Mark Milton Gitin reported a routine tax-related share disposition. A total of 4,641 shares of common stock were withheld at $107.37 per share to cover taxes on vested restricted stock units. After this transaction, Gitin directly holds 87,232 shares of IPG Photonics common stock, distinguishing this withholding from an open-market sale.
https://www.stocktitan.net/sec-filings/IPGP/form-4-ipg-photonics-corp-insider-trading-activity-6627f36011af.html