Payoneer (PAYO) CFO has 24,194 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Payoneer Global Inc. Chief Financial Officer Beatrice Ordonez reported a tax-related share withholding, not an open market sale. The company withheld 24,194 shares of common stock on the settlement of vested restricted stock units to cover her tax obligation, at a reference price of $4.93 per share. After this non-market disposition, she directly holds 2,927,890 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 | 24,194 | $4.93 | $119K |
Holdings After Transaction:
Common Stock — 2,927,890 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 24,194 shares
Reference price per share: $4.93 per share
Shares held after transaction: 2,927,890 shares
3 metrics
Shares withheld for taxes
24,194 shares
Withheld to cover CFO tax obligation on vested RSUs
Reference price per share
$4.93 per share
Valuation used for tax-withholding disposition
Shares held after transaction
2,927,890 shares
CFO direct ownership following tax withholding
Key Terms
restricted stock units, tax obligation, tax-withholding disposition
3 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
"Represents shares withheld solely to cover the Reporting Person's tax obligation arising"
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 insider transaction did Payoneer (PAYO) disclose for CFO Beatrice Ordonez?
Payoneer disclosed that CFO Beatrice Ordonez had 24,194 common shares withheld. These shares covered taxes from the settlement of vested restricted stock units and were not sold in the open market, reflecting a routine compensation-related transaction rather than a discretionary share sale.
Was the recent Payoneer (PAYO) CFO transaction an open market stock sale?
No, the filing states the shares were withheld solely to cover the CFO’s tax obligation. The footnote clarifies this disposition did not involve an open market sale, so it does not represent a discretionary decision to sell Payoneer shares into the market.
What is the transaction code F in the Payoneer (PAYO) CFO Form 4?
Code F indicates a tax-withholding disposition where shares are delivered to satisfy tax or exercise costs. In this case, Payoneer withheld 24,194 shares from the CFO to cover taxes on vested restricted stock units, rather than executing an open market resale transaction.