Aclaris Therapeutics (ACRS) CBO has 15,980 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aclaris Therapeutics Chief Business Officer James Loerop reported an automatic share withholding related to equity compensation. On February 1, 2025, the issuer withheld 15,980 shares of common stock at $2.48 per share to cover his tax obligations upon restricted stock unit vesting.
After this transaction, Loerop beneficially owned 102,773 shares of Aclaris common stock in direct ownership. The filing is an amendment that corrects the previously reported number of shares withheld, which will change the reported beneficial ownership amounts in later filings.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Loerop James
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 15,980 | $2.48 | $40K |
Holdings After Transaction:
Common Stock — 102,773 shares (Direct)
Footnotes (1)
- The transaction reported represents the withholding of shares by the issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and settlement of restricted stock units described in this Form 4. This amendment is being filed to correct the number of shares that were withheld by the issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and settlement of restricted stock units previously reported. This adjustment will affect the amount of securities beneficially owned following the reported transaction in subsequent filings.
FAQ
What insider transaction did ACRS Chief Business Officer James Loerop report?
James Loerop reported an automatic share withholding, not an open-market trade. On February 1, 2025, Aclaris Therapeutics withheld 15,980 shares of common stock to satisfy his tax obligations from vesting restricted stock units, as disclosed in this amended Form 4 filing.
Why is this ACRS Form 4 labeled as an amendment?
The Form 4 is an amendment because it corrects the number of shares previously reported as withheld for taxes. Aclaris Therapeutics states this adjustment will affect the amounts shown as beneficially owned in subsequent filings for Chief Business Officer James Loerop.
Does the ACRS Form 4 indicate an open-market sale by the insider?
No, the filing describes issuer share withholding for taxes rather than an open-market sale. Aclaris Therapeutics retained 15,980 shares from restricted stock unit vesting to satisfy James Loerop’s tax obligations, which is a common administrative transaction for equity awards.