Bakun Marek 4

What Happened
Marek Bakun, Chief Financial Officer of ST JOE Co (ticker: JOE), had 225 shares withheld by the company to satisfy tax withholding obligations following the vesting of restricted stock. The shares were withheld at $68.92 per share, for a total value of $15,507. This is a routine tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-25; Filing date: 2026-02-27 (timely filing).
• Price per share: $68.92; Shares withheld/disposed: 225; Total value: $15,507.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote: F1 — Shares were withheld by the company to pay taxes due following the vesting of previously granted restricted stock.
• Transaction type: tax withholding (code F), a non-cash disposition rather than an active sale.

Context
Tax-withholdings upon restricted stock vesting are common and generally routine; they reflect the company retaining shares to cover the insider’s tax bill and do not necessarily signal the insider’s view on the company’s stock. This should be viewed differently from open-market sales or purchases, which more directly reflect trading intent.