BioLife Solutions (BLFS) EVP has 2,255 shares withheld to cover RSU taxes
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
Net Seller: 2,255 shares
Net Sell
1 txn
Insider
Mathew Aby J.
Role
EVP & Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,255 | $19.12 | $43K |
Holdings After Transaction:
Common Stock — 390,682 shares (Direct)
Footnotes (1)
- F1. Represents the number of shares withheld by the Issuer to satisfy tax withholding obligations of the reporting person that arose upon the release of restricted stock units.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.