Armata CEO has 4,919 shares withheld for taxes
Armata Pharmaceuticals’ CEO Deborah Birx reported a routine tax-withholding transaction involving company stock.
Rhea-AI Filing Summary
Armata Pharmaceuticals’ CEO Deborah Birx reported a routine tax-withholding transaction involving company stock. On this Form 4, 4,919 shares of common stock were withheld by the company at $10.54 per share to cover income-tax obligations tied to the net settlement of restricted stock units. This was a tax-withholding disposition, not an open-market sale, and left Birx with direct ownership of 212,458 common shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,919 | $10.54 | $52K |
Footnotes (1)
- F1. Represents shares that have been withheld by the Company to satisfy its income tax and withholding remittance obligations in connection with the net settlement of restricted stock units.
FAQ
What did Armata Pharmaceuticals (ARMP) CEO Deborah Birx report on this Form 4?
Deborah Birx reported a tax-withholding disposition of common stock. The company withheld shares to satisfy its income tax and withholding obligations related to the net settlement of restricted stock units, rather than Birx selling shares in the open market.
Does this Armata Pharmaceuticals (ARMP) Form 4 show an open-market stock sale by the CEO?
No, it does not show an open-market sale. The Form 4 records a tax-withholding disposition, where 4,919 shares were withheld by the company to satisfy tax obligations related to restricted stock units, rather than shares being sold on the open market.
What does transaction code "F" mean in this Armata Pharmaceuticals (ARMP) Form 4?
Transaction code “F” indicates a tax-withholding disposition. In this case, 4,919 shares were delivered back to Armata Pharmaceuticals to satisfy income tax and withholding obligations triggered by the net settlement of restricted stock units granted to CEO Deborah Birx.
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