BioMarin (BMRN) EVP Cristin Hubbard reports 2,318-share tax-withholding disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BioMarin Pharmaceutical executive Cristin Hubbard reported a routine tax-related share disposition. On this Form 4, 2,318 shares of Common Stock were withheld at $50.20 per share to cover tax obligations, described as a tax-withholding disposition. After this non-market transaction, Hubbard directly holds 42,472 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hubbard Cristin
Role
EVP, Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,318 | $50.20 | $116K |
Holdings After Transaction:
Common Stock — 42,472 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withheld shares: 2,318 shares
Tax-withholding price: $50.20 per share
Shares held after transaction: 42,472 shares
3 metrics
Tax-withheld shares
2,318 shares
Common Stock disposed in tax-withholding transaction
Tax-withholding price
$50.20 per share
Value applied to 2,318 tax-withheld shares
Shares held after transaction
42,472 shares
Direct BioMarin Common Stock holdings after disposition
Key Terms
tax-withholding disposition, Common Stock, Form 4
3 terms
tax-withholding disposition financial
"described as a tax-withholding disposition to satisfy tax obligations"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"2,318 shares of Common Stock were withheld at $50.20 per share"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"reported on a Form 4 as a non-derivative transaction"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did BioMarin (BMRN) report for Cristin Hubbard?
BioMarin reported that EVP and Chief Commercial Officer Cristin Hubbard had 2,318 shares of Common Stock withheld as a tax-withholding disposition. This was recorded on a Form 4 as a non-derivative, tax-related share transfer rather than an open-market trade.
Is Cristin Hubbard’s BioMarin (BMRN) Form 4 transaction an open-market sale or purchase?
The transaction is not an open-market sale or purchase. It is coded “F” on the Form 4, indicating a tax-withholding disposition where shares are delivered to pay tax liabilities, rather than a discretionary trade executed on a stock exchange.
What role does Cristin Hubbard hold at BioMarin (BMRN) in this Form 4?
Cristin Hubbard is identified as Executive Vice President and Chief Commercial Officer of BioMarin. Her Form 4 filing reflects changes in her directly owned Common Stock holdings due to a tax-withholding disposition related to company equity compensation.