Paymentus (PAY) CFO RSU vesting triggers 7,372-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paymentus Holdings, Inc. reported that SVP and CFO Sanjay Kalra had 7,372 shares of Class A Common Stock withheld by the company on March 13, 2026. These shares were retained by the issuer to cover tax withholding obligations tied to the vesting of restricted stock units under the 2021 Equity Incentive Plan, rather than being sold in the open market. Following this tax-withholding disposition, Kalra directly holds 553,000 shares of Paymentus Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kalra Sanjay
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 7,372 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 553,000 shares (Direct)
Footnotes (1)
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FAQ
What did Paymentus (PAY) CFO Sanjay Kalra report in this Form 4 filing?
Paymentus CFO Sanjay Kalra reported a tax-withholding disposition of 7,372 shares of Class A Common Stock. The shares were withheld by the company to cover tax obligations from restricted stock unit vesting under the 2021 Equity Incentive Plan.
Was the Paymentus (PAY) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 shows an F-code tax-withholding disposition where the issuer withheld 7,372 shares to cover tax liabilities from restricted stock unit vesting, rather than the CFO selling shares on the market.
What equity plan is referenced in the Paymentus (PAY) CFO’s Form 4 filing?
The filing references Paymentus’ 2021 Equity Incentive Plan. The 7,372 shares were withheld by the issuer to satisfy tax withholding obligations associated with restricted stock units that vested under this equity incentive plan for the company’s executives.