Flywire counsel has 7,878 shares withheld for tax
Flywire’s General Counsel had shares withheld to cover taxes on RSU vesting, with no open market sale reported.
Rhea-AI Filing Summary
Flywire Corp (FLYW) reported that Peter Butterfield, its General Counsel and Chief Compliance Officer, had 7,878 shares of Voting Common Stock withheld on September 1, 2026 to satisfy income tax withholding and remittance obligations related to net settlement of time-based RSU awards. This was not an open market sale, and he continued to hold 613,178 shares directly after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 7,878 shares
Tax Withholding
1 txn
Insider
Butterfield Peter
Role
General Counsel and CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Voting Common Stock F1 | 7,878 | $18.185 | $143K |
Holdings After Transaction:
Voting Common Stock — 613,178 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: 7,878 shares
Price per share (withholding reference): $18.185 per share
Shares held after transaction: 613,178 shares
3 metrics
Shares withheld for tax
7,878 shares
Shares of Voting Common Stock withheld on September 1, 2026 to cover income tax withholding and remittance obligations
Price per share (withholding reference)
$18.185 per share
Reference price reported for the 7,878-share withholding transaction
Shares held after transaction
613,178 shares
Directly held Voting Common Stock by Peter Butterfield following the September 1, 2026 transaction
Key Terms
net settlement, time-based restricted stock unit awards, income tax withholding and remittance obligations
3 terms
net settlement financial
"in connection with the net settlement of certain time-based restricted stock"
time-based restricted stock unit awards financial
"net settlement of certain time-based restricted stock unit awards"
income tax withholding and remittance obligations financial
"withheld by the Issuer to satisfy its income tax withholding and remittance"
FAQ
What insider transaction did Flywire Corp (FLYW) disclose for Peter Butterfield?
Flywire disclosed that on September 1, 2026, Peter Butterfield had 7,878 shares of Voting Common Stock withheld to cover the company’s income tax withholding and remittance obligations tied to net settlement of time-based RSU awards, not through an open market sale.
Was the September 1, 2026 FLYW Form 4 transaction an open market sale?
No. The filing states the 7,878 shares were withheld by the issuer to satisfy income tax withholding and remittance obligations related to RSU net settlement and does not represent an open market sale.
What transaction code was used in the Flywire (FLYW) Form 4 for Peter Butterfield?
The transaction used code F, which in this case is described as payment of tax liability by delivering or withholding securities in connection with the net settlement of restricted stock unit awards.
Was the Flywire (FLYW) Form 4 transaction under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not affirmed (box unchecked), and the footnote does not reference any trading plan, so no Rule 10b5-1 plan is reported for this transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.