ICON PLC director reports RSU vesting and share sales
ICON PLC director Linda Grais reported equity transactions involving ordinary shares and restricted share units.
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Form Type
4
Rhea-AI Filing Summary
ICON PLC director Linda Grais reported equity transactions involving ordinary shares and restricted share units. On August 10, 2026, 1,732 restricted share units vested and were converted into 1,732 ordinary shares. She also received a new award of 1,324 restricted share units, scheduled to vest on May 22, 2027. On August 11, 2026, she sold 841 ordinary shares in multiple open-market transactions at weighted average prices between $162.08 and $166.1599 to cover tax withholding obligations through a non-discretionary “sell to cover” arrangement.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Grais Linda
Role
Director
Sold
841 shs ($138K)
Approx. gross sale proceeds
$138K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares F3, F4 | 87 | $162.72 | $14K |
| Sale | Ordinary Shares F3, F5 | 97 | $163.77 | $16K |
| Sale | Ordinary Shares F3, F6 | 590 | $164.47 | $97K |
| Sale | Ordinary Shares F3, F7 | 67 | $165.51 | $11K |
| Exercise | Restricted Share Units F2, F1 | 1,732 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F2, F8 | 1,324 | $0.00 | $0.00 |
| Exercise | Ordinary Shares F1, F2 | 1,732 | -- | -- |
Holdings After Transaction:
Restricted Share Units — 1,324 contracts (Direct);
Ordinary Shares — 6,162 shares (Direct)
Footnotes (8)
- F1. These restricted share units were granted on May 22, 2025 and vested on August 10, 2026.
- F2. Each restricted share unit represents a contingent right to receive one ordinary share of the Issuer upon vesting, with a nominal conversion price equal to the par value of the ordinary shares (EUR 0.06) per underlying share automatically deducted from the reporting person's pay in connection with vesting.
- F3. The sale reported represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted share units. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple aggregated transactions at prices within the range of $162.08 to $163.0799, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple aggregated transactions at prices within the range of $163.15 to $164.1499, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple aggregated transactions at prices within the range of $164.16 to $165.1599, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple aggregated transactions at prices within the range of $165.16 to $166.1599, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
- F8. These restricted share units were granted on August 10, 2026 and are scheduled to vest on May 22, 2027.
Key Figures
Shares sold to cover taxes: 841 ordinary shares
RSUs vested and converted: 1,732 restricted share units
New RSU grant: 1,324 restricted share units
+3 more
6 metrics
Shares sold to cover taxes
841 ordinary shares
Total ordinary shares sold on August 11, 2026 in non-discretionary “sell to cover” transactions
RSUs vested and converted
1,732 restricted share units
RSUs granted May 22, 2025 that vested on August 10, 2026 and converted into ordinary shares
New RSU grant
1,324 restricted share units
RSUs granted on August 10, 2026, scheduled to vest on May 22, 2027
Weighted average sale price range (low)
$162.08
Lowest price in the August 11, 2026 weighted-average sale range for one transaction group
Weighted average sale price range (high)
$166.1599
Highest price in the August 11, 2026 weighted-average sale range for one transaction group
Par value per ordinary share
EUR 0.06
Nominal conversion price per underlying share deducted from pay upon RSU vesting
Key Terms
restricted share units, sell to cover, foreign private issuer, Section 16(b)
4 terms
sell to cover financial
"to be funded by a "sell to cover" transaction and does not represent"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
foreign private issuer regulatory
"Due to the issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b)"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
Section 16(b) regulatory
"equity securities are exempt from Sections 16(b) and 16(c) of the Act"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ICON PLC (ICLR) director Linda Grais report?
Linda Grais reported vesting of 1,732 restricted share units, a new grant of 1,324 RSUs, and sales of 841 ordinary shares executed to cover tax withholding obligations under a non-discretionary “sell to cover” arrangement.
What new equity award did Linda Grais receive from ICON PLC (ICLR)?
Linda Grais received a grant of 1,324 restricted share units on August 10, 2026. According to the disclosure, these RSUs are scheduled to vest on May 22, 2027, with each unit representing a contingent right to receive one ordinary share upon vesting.
Are Linda Grais’s ICON PLC (ICLR) transactions subject to Section 16(b) short-swing rules?
The remarks explain that ICON PLC is a foreign private issuer under Rule 3a12-3(b), so the reporting person’s transactions in its equity securities are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act of 1934.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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