iRhythm Holdings (IRTC) executive sells shares to cover taxes after RSU vest
Rhea-AI Filing Summary
iRhythm Holdings, Inc. reported insider equity activity by Chief Medical/Scientific Officer and EVP Advanced Technology Minang Turakhia. On August 7, 2026, he acquired 13,589 shares of common stock at $0.00 per share upon the Compensation & Human Capital Management Committee determining that performance conditions were met for previously granted performance RSUs from August 7, 2023. On August 10, 2026, he sold 7,093 shares of common stock at an average price of $124.6512 per share; these shares were sold to cover tax withholding and remittance obligations related to the vesting of the performance RSUs.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 6,496 shares
Net Buy
2 txns
Insider
Turakhia Minang
Role
CHIEF MED/SCI OFCR EVP ADVTECH
Sold
7,093 shs ($884K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 7,093 | $124.6512 | $884K |
| Grant/Award | Common Stock F1 | 13,589 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 60,116 shares (Direct)
Footnotes (2)
- F1. Represents the acquisition of shares upon the determination of the Compensation & Human Capital Management Committee of the Board of Directors of the Issuer that the performance conditions were met with respect to performance Restricted Stock Units ("RSUs") granted to the Reporting Person on August 7, 2023.
- F2. These shares were sold to cover tax withholding and remittance obligations in connection with the vesting of performance RSUs.
Key Figures
Shares acquired via performance RSUs: 13,589 shares
Shares sold to cover taxes: 7,093 shares
Sale price per share: $124.6512 per share
+1 more
4 metrics
Shares acquired via performance RSUs
13,589 shares
Acquisition on August 7, 2026 upon satisfaction of performance conditions for RSUs granted August 7, 2023
Shares sold to cover taxes
7,093 shares
Sale on August 10, 2026 to cover tax withholding and remittance obligations from RSU vesting
Sale price per share
$124.6512 per share
Average price for 7,093 common shares sold on August 10, 2026
Net buy/sell shares
7,093 shares
Net-sell direction across reported non-derivative transactions
Key Terms
performance Restricted Stock Units, tax withholding and remittance obligations, Compensation & Human Capital Management Committee, vesting
4 terms
performance Restricted Stock Units financial
"performance Restricted Stock Units ("RSUs") granted to the Reporting Person"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
tax withholding and remittance obligations financial
"sold to cover tax withholding and remittance obligations in connection"
Compensation & Human Capital Management Committee financial
"determination of the Compensation & Human Capital Management Committee of the Board"
vesting financial
"in connection with the vesting of performance RSUs"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did iRhythm Holdings (IRTC) disclose for Minang Turakhia?
iRhythm disclosed that Minang Turakhia received an award of 13,589 shares upon performance RSU vesting on August 7, 2026 and sold 7,093 shares on August 10, 2026 to cover related tax obligations.