Flywire CFO has 21,673 shares withheld for tax
Flywire’s CFO had shares withheld to cover taxes on RSU vesting, with no open market sale and over 856,000 shares still held.
Rhea-AI Filing Summary
Flywire Corp (FLYW) reported that Chief Financial Officer Cosmin Pitigoi had 21,673 shares of Voting Common Stock withheld on September 1, 2026 to satisfy income tax withholding and remittance obligations arising from the net settlement of time-based restricted stock unit awards. The company states this was not an open market sale. Following this tax-withholding disposition, Pitigoi beneficially holds 856,575 shares of Flywire common stock directly. No Rule 10b5-1 trading plan is reported for this transaction.
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Insights
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Insider Trade Summary
Tax Withholding: 21,673 shares
Tax Withholding
1 txn
Insider
Pitigoi Cosmin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Voting Common Stock F1 | 21,673 | $18.185 | $394K |
Holdings After Transaction:
Voting Common Stock — 856,575 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.
Key Figures
Shares withheld for tax: 21,673 shares
Price per share for withheld shares: $18.185 per share
Shares held after transaction: 856,575 shares
3 metrics
Shares withheld for tax
21,673 shares
Shares of Voting Common Stock withheld on September 1, 2026 to satisfy income tax obligations
Price per share for withheld shares
$18.185 per share
Reported price associated with the 21,673 withheld shares
Shares held after transaction
856,575 shares
CFO’s direct beneficial ownership of Flywire Voting Common Stock following the withholding
Key Terms
restricted stock unit awards, net settlement, income tax withholding and remittance obligations, Voting Common Stock
4 terms
restricted stock unit awards financial
"in connection with the net settlement of certain time-based restricted stock unit awards"
Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.
net settlement financial
"in connection with the net settlement of certain time-based restricted stock unit awards"
income tax withholding and remittance obligations financial
"to satisfy its income tax withholding and remittance obligations in connection"
Voting Common Stock financial
"Represents the number of shares of common stock that have been withheld"
FAQ
What insider transaction did Flywire (FLYW) disclose for CFO Cosmin Pitigoi?
Flywire disclosed that CFO Cosmin Pitigoi had 21,673 shares of Voting Common Stock withheld on September 1, 2026 to cover income tax withholding related to net-settled time-based RSU awards. The company states this does not represent an open market sale.
Was the Flywire (FLYW) CFO’s September 1, 2026 transaction an open market sale?
No. A footnote explains the 21,673 shares were withheld by Flywire to satisfy income tax withholding and remittance obligations from RSU net settlement and “does not represent an open market sale.”
Was the Flywire (FLYW) CFO’s Form 4 transaction under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmed, meaning there is no Rule 10b5-1 trading plan reported in connection with this tax-withholding disposition.
What type of equity award triggered the Flywire (FLYW) CFO’s tax-withholding transaction?
The footnote states the withholding related to the net settlement of time-based restricted stock unit awards, where shares were withheld by Flywire to meet income tax withholding and remittance obligations upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.