Payoneer (PAYO) legal chief has 1,652 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Payoneer Global Inc. insider Tsafi Goldman, Chief Legal & Governance Officer, reported a routine tax-related share disposition. On the settlement of vested restricted stock units, 1,652 shares of common stock were withheld at $4.96 per share to cover tax obligations and were not sold in the open market. After this withholding, Goldman directly holds 1,020,646 shares of Payoneer common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Goldman Tsafi
Role
Chief Legal & Governance Ofcr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,652 | $4.96 | $8K |
Holdings After Transaction:
Common Stock — 1,020,646 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,652 shares
Withholding price: $4.96 per share
Shares held after transaction: 1,020,646 shares
3 metrics
Shares withheld for taxes
1,652 shares
Tax-withholding disposition on vested RSUs
Withholding price
$4.96 per share
Value used for tax-withholding shares
Shares held after transaction
1,020,646 shares
Direct Payoneer common stock holdings post-transaction
Key Terms
restricted stock units, tax obligation, tax-withholding disposition, Form 4
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"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Payoneer (PAYO) report for Tsafi Goldman?
Payoneer reported that Tsafi Goldman had 1,652 common shares withheld to cover taxes from vested restricted stock units. This is a routine tax-withholding disposition and not an open-market trade, leaving Goldman with 1,020,646 directly held shares.
Was Tsafi Goldman’s Payoneer (PAYO) transaction an open-market sale?
No, the transaction was not an open-market sale. The 1,652 Payoneer shares were withheld solely to satisfy Goldman's tax obligation from RSU vesting, as disclosed in the footnote, rather than being sold to public market buyers.
What does transaction code "F" mean in the Payoneer (PAYO) Form 4?
Transaction code “F” indicates shares were disposed of to pay an exercise price or tax liability. For Payoneer, 1,652 shares were withheld from Tsafi Goldman solely to cover taxes on vested RSUs, not as a discretionary open-market sale.