Payoneer Global (NASDAQ: PAYO) CFO has 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 disposition tied to vested equity awards. On the reported date, 24,194 shares of common stock were withheld at $5.39 per share to cover her tax obligation from the settlement of restricted stock units, rather than sold in the open market. After this withholding, she directly owned 2,224,483 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 | $5.39 | $130K |
Holdings After Transaction:
Common Stock — 2,224,483 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Payoneer (PAYO) report for Beatrice Ordonez?
Payoneer reported that CFO Beatrice Ordonez had 24,194 common shares withheld to satisfy taxes due on vested restricted stock units. This is a tax-withholding disposition, not an open-market sale, and reflects routine equity award settlement mechanics.
Was the PAYO CFO’s Form 4 transaction an open-market stock sale?
No, the transaction was not an open-market sale. Shares were withheld solely to cover Beatrice Ordonez’s tax obligation from settling vested restricted stock units, as noted in the footnote, rather than being sold through the market to outside buyers.
What does transaction code F mean in the Payoneer (PAYO) Form 4?
Transaction code F identifies a disposition used to pay an exercise price or tax liability by delivering securities. In this case, Payoneer withheld shares from the CFO’s vested restricted stock units to cover her tax obligation, instead of executing an open-market sale.