Paymentus CFO reports tax-withholding share disposition
Paymentus Holdings, Inc. SVP and CFO Sanjay Kalra reported a Form 4 transaction reflecting share withholding for taxes rather than a market trade.
Rhea-AI Filing Summary
Paymentus Holdings, Inc. SVP and CFO Sanjay Kalra reported a Form 4 transaction reflecting share withholding for taxes rather than a market trade. On the vesting of restricted stock units under the company’s 2021 Equity Incentive Plan, the issuer withheld 19,494 shares of Class A Common Stock to satisfy tax withholding obligations. After this tax-withholding disposition, Kalra directly holds 533,506 shares of Class A Common Stock. This event reflects routine equity compensation administration and does not represent an open-market sale or purchase of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 19,494 | $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.
Key Figures
Key Terms
restricted stock units financial
tax withholding obligations financial
2021 Equity Incentive Plan financial
Form 4 regulatory
Class A Common Stock financial
FAQ
What did Paymentus (PAY) SVP and CFO Sanjay Kalra report in this Form 4?
Does this Paymentus (PAY) Form 4 show an open-market sale by the CFO?
What plan is referenced in the Paymentus (PAY) Form 4 footnote for this transaction?
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