iRhythm (IRTC) officer gains RSU shares, sells portion to cover tax
Rhea-AI Filing Summary
iRhythm Holdings, Inc. reported insider equity activity by Chief Commercial & Product Officer Chad Patterson. On August 7, 2026, he acquired 13,589 shares of common stock at no cost upon vesting of performance RSUs granted August 7, 2023. On August 10, 2026, he sold 7,093 shares of common stock at $124.6539 per share; the company states these shares were sold solely to cover tax withholding and remittance obligations related to the RSU vesting.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 6,496 shares
Net Buy
2 txns
Insider
Patterson Chad
Role
CHIEF COMM & PRODUCT OFFICER
Sold
7,093 shs ($884K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 7,093 | $124.6539 | $884K |
| Grant/Award | Common Stock F1 | 13,589 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 62,125 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 RSU vesting: 13,589 shares
Shares sold to cover taxes: 7,093 shares
Sale price per share: $124.6539 per share
3 metrics
Shares acquired via RSU vesting
13,589 shares
Performance RSUs granted August 7, 2023; vesting determined August 7, 2026
Shares sold to cover taxes
7,093 shares
Common stock sale on August 10, 2026
Sale price per share
$124.6539 per share
Average price for 7,093 shares sold on August 10, 2026
Key Terms
performance Restricted Stock Units, tax withholding and remittance obligations, Compensation & Human Capital Management Committee
3 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did iRhythm (IRTC) report for Chad Patterson?
iRhythm reported that Chad Patterson received 13,589 shares of common stock on August 7, 2026 from vesting performance RSUs and sold 7,093 shares on August 10, 2026 at $124.6539 per share to cover tax obligations related to that vesting.
What is the nature of the equity award Chad Patterson received from iRhythm (IRTC)?
The award relates to performance Restricted Stock Units (RSUs) granted on August 7, 2023. On August 7, 2026, 13,589 shares were issued after the Compensation & Human Capital Management Committee determined that the specified performance conditions for those RSUs had been met.