Pacira BioSciences (NASDAQ: PCRX) CMO has 4,728 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pacira BioSciences, Inc. Chief Medical Officer Jonathan Slonin reported a routine tax-related share disposition. On the reported date, 4,728 shares of common stock were withheld by the company to cover tax obligations when a restricted stock unit award vested. After this withholding, Slonin directly holds 218,912.175 shares of Pacira BioSciences common stock. This event reflects tax withholding rather than an open-market sale or purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SLONIN JONATHAN
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,728 | $22.32 | $106K |
Holdings After Transaction:
Common Stock — 218,912.175 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 4,728 shares
Implied withholding price: $22.32 per share
Shares held after transaction: 218,912.175 shares
3 metrics
Shares withheld for taxes
4,728 shares
Withheld to cover tax obligations on RSU vesting
Implied withholding price
$22.32 per share
Value used for tax-withholding disposition
Shares held after transaction
218,912.175 shares
Direct common stock holdings after withholding
Key Terms
restricted stock unit, tax withholding obligations, tax-withholding disposition
3 terms
restricted stock unit financial
"upon vesting of a restricted stock unit award"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligations financial
"to cover tax withholding obligations upon vesting"
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.
FAQ
What insider transaction did Pacira BioSciences (PCRX) report for Jonathan Slonin?
Pacira BioSciences reported that Chief Medical Officer Jonathan Slonin had 4,728 common shares withheld. These shares were retained by the company to satisfy tax withholding obligations when a restricted stock unit award vested, rather than being sold on the open market.
Was the Pacira BioSciences (PCRX) insider transaction an open-market sale or purchase?
The reported transaction was not an open-market sale or purchase. Instead, 4,728 shares were withheld by Pacira BioSciences to cover tax withholding obligations tied to a vesting restricted stock unit award for Chief Medical Officer Jonathan Slonin.