BioLife Solutions (BLFS) EVP has 2,255 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BioLife Solutions EVP & Chief Scientific Officer Mathew Aby J. reported a routine tax-related share disposition. On the release of restricted stock units, 2,255 shares of common stock were withheld by the company at $19.12 per share to cover his tax obligations. After this withholding, he continues to directly own 390,682 shares of BioLife Solutions common stock, indicating that only a small portion of his overall holdings was affected and that this was not an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mathew Aby J.
Role
EVP & Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,255 | $19.12 | $43K |
Holdings After Transaction:
Common Stock — 390,682 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BioLife Solutions (BLFS) report for Mathew Aby J.?
BioLife Solutions reported that EVP & Chief Scientific Officer Mathew Aby J. had 2,255 common shares withheld to cover tax obligations arising from restricted stock unit vesting, a routine compensation-related event rather than an open-market share sale.
Was the BioLife Solutions (BLFS) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 2,255 shares were withheld by BioLife Solutions solely to satisfy tax withholding obligations upon the vesting of restricted stock units, a common administrative step in equity compensation.
What does a tax-withholding disposition mean for BioLife Solutions (BLFS) insiders?
A tax-withholding disposition means the company retains a portion of vested shares to pay the insider’s taxes. For BioLife Solutions, 2,255 shares were withheld from Mathew Aby J., reflecting a standard mechanism tied to equity awards, not discretionary buying or selling.