iRhythm Holdings (IRTC) EVP sells 617 shares to pay RSU taxes
Rhea-AI Filing Summary
iRhythm Holdings, Inc. EVP Strategic Business Ops Mervin Smith reported selling 617 shares of common stock on August 3, 2026 at $122.1209 per share. The shares were sold to cover tax withholding and remittance obligations from vesting RSUs. After this sale, he directly holds 22,410 shares.
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Insider Trade Summary
Net Seller: 617 shares
Net Sell
1 txn
Insider
Smith Mervin
Role
EVP Strategic Business Ops
Sold
617 shs ($75K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 617 | $122.1209 | $75K |
Holdings After Transaction:
Common Stock — 22,410 shares (Direct)
Footnotes (1)
- F1. These shares were sold to cover tax withholding and remittance obligations in connection with the vesting of Restricted Stock Units (RSUs).
Key Figures
Shares sold: 617 shares
Sale price per share: $122.1209 per share
Shares held after transaction: 22,410 shares
3 metrics
Shares sold
617 shares
Sale of common stock by EVP Mervin Smith on August 3, 2026
Sale price per share
$122.1209 per share
Price received for each of the 617 shares sold on August 3, 2026
Shares held after transaction
22,410 shares
Direct common stock holdings of Mervin Smith following the reported sale
Key Terms
Restricted Stock Units (RSUs), tax withholding, remittance obligations
3 terms
Restricted Stock Units (RSUs) financial
"in connection with the vesting of Restricted Stock Units (RSUs)"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
tax withholding financial
"sold to cover tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
remittance obligations financial
"sold to cover tax withholding and remittance obligations"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did iRhythm Holdings (IRTC) report for Mervin Smith?
iRhythm reported that EVP Mervin Smith sold 617 shares of common stock on August 3, 2026. The sale was executed at $122.1209 per share and was specifically to cover tax withholding and remittance obligations arising from vesting Restricted Stock Units (RSUs).
Who is Mervin Smith at iRhythm Holdings (IRTC)?
Mervin Smith is an officer of iRhythm Holdings, serving as EVP Strategic Business Ops. In this capacity, he is a reporting person for SEC purposes and must disclose transactions in the company’s common stock, such as the reported sale to cover tax obligations from vesting RSUs.