iRhythm CEO gets performance stock, sells for taxes
iRhythm Holdings President and CEO Quentin S. Blackford reported a performance-based stock vesting and related tax sale.
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Rhea-AI Filing Summary
iRhythm Holdings President and CEO Quentin S. Blackford reported a performance-based stock vesting and related tax sale. On February 24, he acquired 46,687 shares of common stock at no cost through the vesting of performance RSUs granted on February 27, 2023, after the board committee determined the performance conditions were met.
On February 25, he sold 25,540 shares of common stock at an average price of $135.4189 per share solely to cover tax withholding and remittance obligations tied to that vesting. After these transactions, he directly owned 186,126 shares of iRhythm common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 25,540 | $135.4189 | $3.46M |
| Grant/Award | Common Stock | 46,687 | $0.00 | $0.00 |
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 February 27, 2023.
- F2. These shares were sold to cover tax withholding and remittance obligations in connection with the vesting of performance RSUs.
FAQ
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What insider transactions did iRhythm (IRTC) CEO Quentin Blackford report?
What performance conditions triggered the iRhythm (IRTC) CEO’s RSU vesting?
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