Armata (ARMP) CEO Birx has 4,919 RSU shares withheld for tax obligations
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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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.
How many Armata Pharmaceuticals (ARMP) shares were withheld for taxes in this filing?
The transaction involved 4,919 shares of Armata Pharmaceuticals common stock. These shares were withheld by the company at $10.54 per share to cover income tax and withholding remittance obligations arising from the net settlement of restricted stock units awarded to Deborah Birx.
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.
How many Armata Pharmaceuticals (ARMP) shares does Deborah Birx hold after this transaction?
After the tax-withholding transaction, Deborah Birx directly holds 212,458 shares of Armata Pharmaceuticals common stock. This figure reflects her position following the company’s withholding of 4,919 shares to meet income tax and withholding remittance obligations on vested restricted stock units.
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.
Is the Armata Pharmaceuticals (ARMP) CEO’s transaction related to restricted stock units (RSUs)?
Yes. The footnote explains the withheld shares relate to the net settlement of restricted stock units. Armata Pharmaceuticals withheld 4,919 shares from CEO Deborah Birx to cover income tax and withholding remittance obligations arising when those RSUs settled into common stock.