MeiraGTx (MGTX) CMO reports RSU vesting and tax-share withholding on Form 4
Rhea-AI Filing Summary
MeiraGTx Holdings plc chief medical officer Robert K. Zeldin reported equity award activity involving restricted share units and ordinary shares. On February 21, 2026, one quarter of a restricted share unit grant from February 21, 2023 vested, converting 7,500 restricted share units into 7,500 ordinary shares at no cash exercise price. In connection with this vesting, 2,952 ordinary shares were automatically withheld at a price of $7.45 per share to cover tax obligations, a tax-withholding disposition rather than an open-market sale. After these transactions, Zeldin directly held 172,888 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,548 shares
Net Buy
3 txns
Insider
Zeldin Robert K
Role
CHIEF MEDICAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 7,500 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 7,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Shares | 2,952 | $7.45 | $22K |
Holdings After Transaction:
Restricted Share Units — 7,500 shares (Direct);
Ordinary Shares — 172,888 shares (Direct)
Footnotes (3)
- F1. Represents vesting of one-quarter of restricted share units granted on February 21, 2023.
- F2. Each restricted share unit converts into one ordinary share upon vesting.
- F3. Shares withheld for payment of taxes upon vesting of award.
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FAQ
What insider transactions did MeiraGTx (MGTX) report for Robert K. Zeldin?
MeiraGTx reported that chief medical officer Robert K. Zeldin had 7,500 restricted share units vest and convert into 7,500 ordinary shares. As part of this vesting, 2,952 shares were withheld to satisfy tax obligations, leaving him with 172,888 ordinary shares directly held.
Was the MeiraGTx (MGTX) Form 4 a stock sale by Robert K. Zeldin?
The Form 4 primarily reflects equity award vesting, not an open-market stock sale. Zeldin received 7,500 ordinary shares from vested restricted share units, while 2,952 shares were withheld at $7.45 per share only to cover associated tax liabilities.
What equity award vested for Robert K. Zeldin at MeiraGTx (MGTX)?
The filing states that one quarter of a restricted share unit award granted on February 21, 2023 vested. Each restricted share unit converted into one MeiraGTx ordinary share, resulting in 7,500 new ordinary shares credited to Robert K. Zeldin upon vesting.
What does the tax-withholding transaction mean in the MeiraGTx (MGTX) Form 4?
The tax-withholding transaction, coded “F,” shows 2,952 ordinary shares delivered at $7.45 per share to pay taxes due on the vesting. This represents a tax-liability settlement using shares, not a discretionary open-market sale by Robert K. Zeldin.