Paysign (PAYS) EVP Joan Herman reports 36,000-share vesting and tax withholding
Rhea-AI Filing Summary
Paysign, Inc. EVP, EFT Operations Joan M. Herman reported equity compensation activity on July 31, 2026. A derivative "Stock Grant" tied to 36,000 restricted shares was exercised/vested into 36,000 shares of common stock at no cost, with 13,780 shares withheld at $8.96 per share to cover tax obligations under a grant that vests one-fifth annually from a July 31, 2022 commencement date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 22,220 shares
Net Buy
3 txns
Insider
Herman Joan M
Role
EVP, EFT Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Grant F1 | 36,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 36,000 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 13,780 | $8.96 | $123K |
Holdings After Transaction:
Stock Grant — 36,000 shares (Direct);
Common Stock — 669,325 shares (Direct)
Footnotes (2)
- F1. One-fifth of the restricted stock shall vest annually on each anniversary of the July 31, 2022 vesting commencement date until fully vested on July 31, 2027.
- 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
Restricted shares vested: 36,000 shares
Shares withheld for taxes: 13,780 shares
Tax withholding price: $8.96 per share
+2 more
5 metrics
Restricted shares vested
36,000 shares
Shares of restricted stock vesting and converting into common stock on July 31, 2026
Shares withheld for taxes
13,780 shares
Common stock withheld by the issuer to satisfy tax withholding obligations
Tax withholding price
$8.96 per share
Price applied to shares withheld for tax obligations associated with vesting
Vesting commencement date
July 31, 2022
Start date from which one-fifth of the restricted stock vests annually
Final vesting date
July 31, 2027
Date on which the restricted stock award is scheduled to be fully vested
Key Terms
restricted stock, tax withholding obligations, derivative security, Rule 10b5-1
4 terms
restricted stock financial
"One-fifth of the restricted stock shall vest annually on each anniversary"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligations financial
"to satisfy certain tax withholding obligations associated with the vesting"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Rule 10b5-1 financial
"The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Paysign (PAYS) report for Joan M. Herman?
Joan M. Herman reported the vesting and exercise of 36,000 restricted shares into common stock on July 31, 2026, with a portion withheld for taxes. The activity reflects scheduled vesting of a prior stock grant rather than an open-market purchase.
What is the vesting schedule of Joan M. Herman’s Paysign (PAYS) restricted stock?
The restricted stock vests in five equal installments, with one-fifth vesting annually on each anniversary of the July 31, 2022 vesting commencement date. The award is scheduled to be fully vested on July 31, 2027, assuming all vesting conditions continue to be met.
Were Joan M. Herman’s Paysign (PAYS) transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan election, indicating these transactions were not reported as executed under a pre-arranged 10b5-1 trading plan. The reported activity primarily reflects scheduled restricted stock vesting and related tax withholding.