MYGN CFO Withholds 2,559 Shares for Taxes at $7.77 — Insider Update
Benjamin R. Wheeler, Chief Financial Officer of Myriad Genetics (MYGN), reported a Form 4 showing shares withheld to cover taxes on vested restricted stock units.
Rhea-AI Filing Summary
Benjamin R. Wheeler, Chief Financial Officer of Myriad Genetics (MYGN), reported a Form 4 showing shares withheld to cover taxes on vested restricted stock units. On 09/21/2025 the filing records 2,559 shares disposed (withheld) at an indicated price of $7.77 per share. After this withholding, Mr. Wheeler beneficially owns 92,651 shares. The filing explains the shares were withheld to satisfy tax withholding obligations and that the withheld amount was determined using Myriad's closing price on September 19, 2025.
Positive
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Negative
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Insights
TL;DR: Routine tax withholding on vested RSUs by the CFO; immaterial to company valuation but updates insider ownership.
The transaction is a standard administrative disposition where 2,559 shares were withheld to satisfy tax obligations tied to vested restricted stock units. This is not a market sale or signal of liquidity needs; it reduces the reporting person's direct share count to 92,651. For investors, the change is informational about insider holdings but not materially impactful to Myriad's capital structure or operations.
TL;DR: Administrative withholding following RSU vesting; consistent with common executive compensation practices.
The disclosure follows expected governance practices by reporting a tax-withholding disposition and specifying the method (withheld shares) and basis (closing price on September 19, 2025). The Form 4 provides transparency on insider ownership levels. There are no indications of atypical compensation arrangements or extraordinary insider dispositions in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,559 | $7.77 | $20K |
Footnotes (1)
- F1. Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to the reporting person. The number of shares of Myriad common stock withheld was determined based on the closing price of Myriad common stock on September 19, 2025.
FAQ
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What did Benjamin R. Wheeler report on the Form 4 for MYGN?
What is Benjamin R. Wheeler's role at Myriad listed in the Form 4?
Does this Form 4 indicate a market sale by the insider?
AI-generated analysis. How Rhea-AI works. Not financial advice.