Paysign (PAYS) EVP Joan Herman reports restricted stock grant and tax withholding
Rhea-AI Filing Summary
Paysign, Inc. executive Joan M. Herman reported routine equity compensation activity and related tax withholding. On May 13, 2026, 6,171 shares of common stock were withheld at $5.83 per share to cover tax obligations from restricted stock vesting, leaving her with 858,745 directly held shares. Earlier, on November 13, 2025, she received a grant of 33,333 performance-based restricted shares at no cost, tied to an earnings target, scheduled to vest in thirds annually from 2026 through 2028, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 27,162 shares
Net Buy
2 txns
Insider
Herman Joan M
Role
EVP, Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 6,171 | $5.83 | $36K |
| Grant/Award | Common Stock | 33,333 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 858,745 shares (Direct)
Footnotes (2)
- F1. Represents performance-based restricted stock granted on May 7, 2025, with the performance goal deemed satisfied on November 13, 2025 based upon the achievement of a specified earnings target. The restricted stock will vest and be delivered as to 1/3 of the shares on each of May 13, 2026, May 13, 2027, and May 13, 2028, subject to the reporting person's continued service to the issuer through and on the applicable vesting date.
- F2. Represents shares of common stock withheld by the issuer to satisfy certain tax withholding obligations associated with the vesting of restricted stock.
Key Figures
Tax withholding shares: 6,171 shares
Withholding price: $5.83 per share
Restricted stock grant: 33,333 shares
+2 more
5 metrics
Tax withholding shares
6,171 shares
Withheld on May 13, 2026 to cover tax obligations
Withholding price
$5.83 per share
Price used for 6,171-share tax withholding disposition
Restricted stock grant
33,333 shares
Performance-based restricted stock awarded with earnings target
Post-transaction holdings
858,745 shares
Common stock held directly after May 13, 2026 transaction
Grant price
$0.00 per share
Equity grant received at no cash cost to the executive
Key Terms
performance-based restricted stock, earnings target, vest, tax withholding obligations, +1 more
5 terms
performance-based restricted stock financial
"Represents performance-based restricted stock granted on May 7, 2025, with the performance goal deemed satisfied..."
Shares granted to employees or executives that are held back and only become actual, tradable stock if the company meets predefined performance targets; until those goals are met the shares cannot be sold. Think of it like a bonus held in escrow that’s released only when specific results are achieved — investors watch these awards because they tie management pay to company outcomes, can dilute existing shareholders when released, and signal how confident or incentivized insiders are to meet growth or profitability goals.
earnings target financial
"performance goal deemed satisfied on November 13, 2025 based upon the achievement of a specified earnings target."
vest financial
"The restricted stock will vest and be delivered as to 1/3 of the shares on each of May 13, 2026..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
tax withholding obligations financial
"shares of common stock withheld by the issuer to satisfy certain tax withholding obligations associated with the vesting..."
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Paysign (PAYS) report for Joan M. Herman?
Paysign EVP Joan M. Herman reported a restricted stock grant and tax withholding. She received 33,333 performance-based restricted shares and later had 6,171 shares withheld to cover taxes on vesting, with remaining holdings reported directly in common stock.
What equity award did Joan Herman receive from Paysign (PAYS)?
Joan Herman received 33,333 performance-based restricted shares. Granted on May 7, 2025, the award’s performance goal was deemed satisfied on November 13, 2025, based on a specified earnings target set by Paysign.
Was Joan Herman’s Paysign (PAYS) stock disposition an open-market sale?
No, the disposition was for tax withholding, not an open-market sale. The 6,171 shares were withheld by Paysign to cover tax liabilities from restricted stock vesting, a common administrative transaction rather than a discretionary share sale.