Paymentus (PAY) General Counsel covers RSU taxes with 1,456 withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paymentus Holdings, Inc. General Counsel and Secretary Andrew A. Gerber reported a routine tax-related share disposition. On the vesting of restricted stock units granted under the 2021 Equity Incentive Plan, the issuer withheld 1,456 shares of Class A Common Stock to cover tax obligations. After this withholding, Gerber directly owns 117,163 shares of Class A Common Stock. This was not an open-market purchase or sale, but an automatic mechanism to satisfy taxes due on equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gerber Andrew A.
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,456 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 117,163 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Paymentus (PAY) report for Andrew A. Gerber?
Paymentus reported that General Counsel Andrew A. Gerber had 1,456 shares of Class A Common Stock withheld. The shares were used to cover tax obligations tied to vesting restricted stock units under the 2021 Equity Incentive Plan, not an open-market sale.
Was the Paymentus (PAY) Form 4 transaction a stock sale by Andrew A. Gerber?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by Paymentus to satisfy Gerber’s tax liability on vesting restricted stock units granted under the company’s 2021 Equity Incentive Plan.
What does transaction code F mean in the Paymentus (PAY) Form 4 filing?
Transaction code F indicates payment of tax liability by delivering or withholding securities. In this case, Paymentus withheld 1,456 shares of Class A Common Stock from Andrew A. Gerber to cover taxes owed upon the vesting of restricted stock units.
Which equity plan is referenced in Andrew A. Gerber’s Paymentus (PAY) Form 4?
The Form 4 cites Paymentus’s 2021 Equity Incentive Plan. The reported transaction involves restricted stock units granted under this plan, where the issuer withheld 1,456 shares of Class A Common Stock to meet Gerber’s tax withholding obligations at vesting.