This is a fair assessment. The cost basis for shares vested and sold the same year will be very close to, if not equal to, the selling price which creates a low to none capital gain. The reason is because the fair market value (FMV) on the vested date will be virtually the same as the selling price of those shares.
The company actually sold it for you so that the taxes could be paid. When the shares are vested there is additional tax created by adding the value of vested shares to your income on your W-2. The taxes paid become part of your federal and state tax withholding.
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