Acrivon (ACRV) Chief Legal Officer has 558 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Acrivon Therapeutics, Inc. Chief Legal Officer Mary Miller reported a routine tax-related share disposition. On the vesting of restricted stock units, 558 shares of common stock were withheld by the company at $1.78 per share to satisfy mandatory tax withholding obligations.
After this withholding, Miller directly holds 33,121 shares of Acrivon common stock. The filing shows no open-market purchases or sales, only this non-discretionary tax-withholding event tied to equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Miller Mary
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 558 | $1.78 | $993.24 |
Holdings After Transaction:
Common Stock — 33,121 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 558 shares
Withholding price per share: $1.78 per share
Shares held after transaction: 33,121 shares
3 metrics
Shares withheld for taxes
558 shares
Withheld to satisfy mandatory tax withholding on RSU vesting
Withholding price per share
$1.78 per share
Value used for 558 withheld shares
Shares held after transaction
33,121 shares
Direct holdings of Mary Miller following tax withholding
Key Terms
restricted stock units, mandatory tax withholding requirement, Form 4, Chief Legal Officer
4 terms
restricted stock units financial
"upon vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
mandatory tax withholding requirement financial
"to satisfy the mandatory tax withholding requirement"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Legal Officer financial
"officer_title": "Chief Legal Officer""
A chief legal officer is a senior executive responsible for overseeing a company's legal matters, ensuring that its activities comply with laws and regulations. They act like a company's legal guide, helping to prevent legal problems and manage risks. For investors, understanding this role is important because it reflects how well a company manages legal risks that could impact its stability and reputation.
FAQ
What insider transaction did Acrivon Therapeutics (ACRV) report for Mary Miller?
Acrivon Therapeutics reported that Chief Legal Officer Mary Miller had 558 common shares withheld to cover taxes on vested restricted stock units. This was a non-discretionary tax-withholding event, not an open-market stock sale or purchase, and was tied to her equity compensation.
What does the F transaction code mean in Acrivon (ACRV) Chief Legal Officer’s Form 4?
The F transaction code indicates shares were disposed of to pay an exercise price or tax liability. In this Acrivon filing, 558 shares were withheld by the issuer to meet mandatory tax withholding on vested restricted stock units, rather than being sold through the open market.
Is the Mary Miller Form 4 for Acrivon (ACRV) a routine equity compensation event?
Yes, the Form 4 reflects a routine equity compensation event. It shows 558 shares of common stock withheld by Acrivon to satisfy mandatory tax withholding on restricted stock unit vesting, leaving Mary Miller with 33,121 directly held shares afterward and no reported open-market trading.