ARVINAS (ARVN) CFO auto-sells shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ARVINAS, INC. Chief Financial Officer Andrew Saik reported an automatic sale of 5,696 shares of common stock at $8.159 per share. The sale was made by the company to cover tax withholding obligations tied to the vesting and settlement of 25% of his restricted stock units granted on June 24, 2024, under a durable sale instruction, and was not a discretionary trade. After this transaction, he continues to hold 187,432 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,696 shares ($46,474)
Net Sell
1 txn
Insider
Saik Andrew
Role
Chief Financial Officer
Sold
5,696 shs ($46K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,696 | $8.159 | $46K |
Holdings After Transaction:
Common Stock — 187,432 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 5,696 shares
Sale price: $8.159 per share
Shares held after transaction: 187,432 shares
+1 more
4 metrics
Shares sold
5,696 shares
Automatic sale on June 24, 2026 to cover tax withholding
Sale price
$8.159 per share
Average price for the 5,696 shares sold
Shares held after transaction
187,432 shares
Direct ownership after the automatic tax-related sale
RSU vesting portion
25% of RSUs
Portion of RSUs granted on June 24, 2024 that vested and settled
Key Terms
restricted stock units, tax withholding obligations, durable sale instruction, discretionary trade
4 terms
restricted stock units financial
"in connection with the vesting and settlement of 25% of the reporting person's restricted stock units (RSUs)"
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.
tax withholding obligations financial
"made automatically by the Issuer to cover tax withholding obligations in connection with the vesting"
durable sale instruction financial
"pursuant to a durable sale instruction. The sale does not represent a discretionary trade"
discretionary trade financial
"The sale does not represent a discretionary trade"
FAQ
What insider transaction did ARVINAS (ARVN) CFO Andrew Saik report?
Andrew Saik reported an automatic sale of 5,696 ARVINAS shares. The shares were sold by the company to cover tax withholding on vesting restricted stock units, rather than as a discretionary open-market trade.