Paymentus counsel covers taxes with 1,456 PAY shares
Paymentus Holdings, Inc. General Counsel and Secretary Andrew A. Gerber reported a routine tax-related share disposition.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 1,456 | $0.00 | $0.00 |
Footnotes (1)
- F1. This Form 4 reports the withholding of shares by the issuer to cover tax withholding obligations in connection with the vesting of restricted stock units under the issuer's 2021 Equity Incentive Plan.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Paymentus (PAY) report for Andrew A. Gerber?
Was the Paymentus (PAY) Form 4 transaction a stock sale by Andrew A. Gerber?
What does transaction code F mean in the Paymentus (PAY) Form 4 filing?
Which equity plan is referenced in Andrew A. Gerber’s Paymentus (PAY) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.