Payoneer Global Inc. (PAYO) CFO uses 60,485 shares to settle tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Payoneer Global Inc. Chief Financial Officer Beatrice Ordonez had 60,485 shares of common stock withheld on April 16, 2026 to satisfy tax obligations. The shares were valued at $5.17 each and relate to the settlement of vested restricted stock units.
The company notes these shares were withheld solely to cover her tax liability and did not involve any open-market sale. After this tax-withholding disposition, Ordonez directly holds 2,952,084 shares of Payoneer common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ordonez Beatrice
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 60,485 | $5.17 | $313K |
Holdings After Transaction:
Common Stock — 2,952,084 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withholding shares: 60,485 shares
Tax-withholding share value: $5.17 per share
Post-transaction holdings: 2,952,084 shares
3 metrics
Tax-withholding shares
60,485 shares
Shares withheld to cover tax obligation from vested RSUs on April 16, 2026
Tax-withholding share value
$5.17 per share
Value used for the 60,485-share tax-withholding disposition
Post-transaction holdings
2,952,084 shares
Payoneer common stock directly held by CFO after disposition
Key Terms
restricted stock units, tax obligation, open market sale, tax-withholding disposition
4 terms
restricted stock units financial
"arising from the settlement of vested restricted stock units and does not represent"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax obligation financial
"shares withheld solely to cover the Reporting Person's tax obligation arising"
open market sale financial
"tax obligation arising from the settlement of vested restricted stock units and does not represent an open market sale"
An open market sale is when a company or a shareholder sells shares through the regular stock market to any willing buyer, using ordinary exchange trading rather than private deals. It matters to investors because it increases the number of shares available and can push the price down or change ownership balance—think of it like someone putting extra items on a supermarket shelf for any shopper to buy, which can lower the item's price if supply suddenly grows.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did Payoneer (PAYO) CFO Beatrice Ordonez report in this Form 4?
Beatrice Ordonez reported that 60,485 Payoneer common shares were withheld to cover her tax obligation from vested restricted stock units. This is a tax-withholding disposition, not an open-market trade, and reflects routine handling of equity compensation tax liabilities.
What does the tax-withholding disposition code F mean in the Payoneer (PAYO) Form 4?
Code F indicates shares were disposed of to pay an exercise price or tax liability. In this case, 60,485 shares were withheld solely to satisfy the CFO’s tax obligation from vested restricted stock units, rather than being sold in the open market to outside buyers.