Payoneer (NASDAQ: PAYO) CFO withholds shares 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 Form 4 transaction involving company common stock. A total of 49,282 shares were withheld at 5.35 per share to satisfy her tax obligations from the settlement of vested restricted stock units. The disclosure states this was not an open market sale but a tax-withholding disposition. After this transaction, she directly owns 2,175,201 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 | 49,282 | $5.35 | $264K |
Holdings After Transaction:
Common Stock — 2,175,201 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Payoneer (PAYO) report for CFO Beatrice Ordonez?
Payoneer CFO Beatrice Ordonez reported a tax-withholding disposition of 49,282 common shares. The shares were withheld to cover taxes from vested restricted stock units and were not sold in the open market, according to the disclosure footnote.
Was the Payoneer (PAYO) CFO’s Form 4 transaction an open market stock sale?
No, the transaction was not an open market sale. The 49,282 Payoneer common shares were withheld solely to satisfy Beatrice Ordonez’s tax obligation from RSU settlement, as explicitly noted in the filing’s footnote.
What does the transaction code F mean in the Payoneer (PAYO) CFO Form 4?
Transaction code F indicates shares used to pay an exercise price or tax liability. In this case, Payoneer’s CFO had 49,282 shares withheld to cover tax obligations from vested restricted stock units, instead of selling shares on the open market.