Aclaris CBO reports 15,980-share tax withholding
Aclaris Therapeutics Chief Business Officer James Loerop reported an automatic share withholding related to equity compensation.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 15,980 | $2.48 | $40K |
Footnotes (2)
- F1. 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.
- F2. 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
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What insider transaction did ACRS Chief Business Officer James Loerop report?
Why is this ACRS Form 4 labeled as an amendment?
Does the ACRS Form 4 indicate an open-market sale by the insider?
AI-generated analysis. How Rhea-AI works. Not financial advice.