Century Therapeutics (NASDAQ: IPSC) CEO has 463 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Century Therapeutics, Inc. President and CEO Brent Pfeiffenberger reported a small share disposition related to taxes. On the vesting of restricted stock units, 463 shares of Common Stock were withheld by the company at a price of $2.13 per share to cover tax withholding obligations, leaving him with 3,679,323 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pfeiffenberger Brent
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 463 | $2.13 | $986.19 |
Holdings After Transaction:
Common Stock — 3,679,323 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 463 shares
Withholding price per share: $2.13 per share
Shares held after transaction: 3,679,323 shares
3 metrics
Shares withheld for taxes
463 shares
Tax withholding on RSU vesting for CEO
Withholding price per share
$2.13 per share
Value used for tax-withholding shares
Shares held after transaction
3,679,323 shares
CEO direct ownership following withholding
Key Terms
restricted stock units, tax withholding obligations, Common Stock
3 terms
restricted stock units financial
"in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"withheld by the Issuer to satisfy tax withholding obligations"
Common Stock financial
"security_title: "Common Stock""
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.
FAQ
What did Century Therapeutics (IPSC) CEO Brent Pfeiffenberger report on this Form 4?
Brent Pfeiffenberger reported a small tax-related disposition of shares. Specifically, 463 shares of Century Therapeutics Common Stock were withheld by the company to satisfy tax obligations upon vesting of restricted stock units, rather than being sold on the open market.
Was this Century Therapeutics (IPSC) Form 4 transaction an open-market sale by the CEO?
No, this was not an open-market sale. The 463 Century Therapeutics shares were withheld by the issuer to satisfy tax withholding obligations from restricted stock unit vesting, meaning the shares did not go through a public market transaction and reflect a routine compensation-related adjustment.