Flywire counsel reports tax share withholding
Flywire Corp General Counsel and CCO Peter Butterfield reported a tax-withholding disposition of 14,121 shares of Voting Common Stock at $12.43 per share.
Rhea-AI Filing Summary
Flywire Corp General Counsel and CCO Peter Butterfield reported a tax-withholding disposition of 14,121 shares of Voting Common Stock at $12.43 per share. The shares were withheld by the company to cover income tax obligations tied to vested restricted stock units and were not sold in the open market. After this withholding, he directly holds 541,971 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 14,121 shares
Exercise Price or Tax Liability
1 txn
Insider
Butterfield Peter
Role
General Counsel and CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Voting Common Stock | 14,121 | $12.43 | $176K |
Holdings After Transaction:
Voting Common Stock — 541,971 shares (Direct)
Footnotes (1)
- F1. Represents the number of shares of common stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of certain time-based restricted stock unit awards and does not represent an open market sale.
FAQ
What insider transaction did Flywire (FLYW) report for Peter Butterfield?
Flywire reported that General Counsel and CCO Peter Butterfield had 14,121 shares of Voting Common Stock withheld. These shares covered income tax obligations from vested restricted stock units, rather than representing an open market sale of stock.
What does transaction code F mean in the Flywire (FLYW) Form 4?
Transaction code F on the Flywire Form 4 indicates shares used to pay an exercise price or tax liability. In this case, 14,121 shares were withheld by Flywire to satisfy income tax withholding on restricted stock units, not sold on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.