Vaxcyte insider surrenders 1,327 shares for tax
Vaxcyte’s finance chief surrendered shares to cover RSU tax withholding, leaving a direct holding of 27,860 common shares.
Rhea-AI Filing Summary
Vaxcyte, Inc. (PCVX) reported that Elvia Cowan, its Senior Vice President, Finance and Chief Accounting Officer, surrendered 1,327 shares of common stock on September 8, 2026 to cover tax withholding obligations arising from the vesting of restricted stock units. The shares were valued at $60.36 per share for this purpose, and Cowan now holds 27,860 shares of Vaxcyte common stock directly. This was a tax-withholding share disposition, not an open-market sale, and no Rule 10b5-1 trading plan is reported.
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Insider Trade Summary
Tax Withholding: 1,327 shares
Tax Withholding
1 txn
Insider
Cowan Elvia
Role
SVP, Finance & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,327 | $60.36 | $80K |
Holdings After Transaction:
Common Stock — 27,860 shares (Direct)
Footnotes (1)
- F1. Represents shares surrendered to the Issuer to cover applicable tax withholding obligations realized upon the vesting of RSUs.
Key Figures
Shares surrendered for tax withholding: 1,327 shares
Share valuation for tax withholding: $60.36 per share
Direct holdings after transaction: 27,860 shares
3 metrics
Shares surrendered for tax withholding
1,327 shares
Common stock surrendered on September 8, 2026 to cover RSU tax withholding
Share valuation for tax withholding
$60.36 per share
Value used for the 1,327 surrendered shares on September 8, 2026
Direct holdings after transaction
27,860 shares
Common shares directly held by Elvia Cowan following the September 8, 2026 surrender
Key Terms
restricted stock units, tax withholding obligations, surrendered to the Issuer
3 terms
restricted stock units financial
"realized upon the vesting of RSUs"
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 withholding obligations financial
"to cover applicable tax withholding obligations realized upon the vesting"
surrendered to the Issuer financial
"Represents shares surrendered to the Issuer to cover applicable tax"
FAQ
What insider transaction did Vaxcyte (PCVX) disclose for Elvia Cowan?
Vaxcyte disclosed that Elvia Cowan surrendered 1,327 shares of common stock on September 8, 2026 to the company to cover tax withholding obligations triggered by vesting restricted stock units.
Was the Vaxcyte (PCVX) insider transaction an open-market sale?
No. The filing states the 1,327 shares were “surrendered to the Issuer to cover applicable tax withholding obligations” upon RSU vesting, indicating a tax-withholding disposition rather than an open-market sale.
Was a Rule 10b5-1 trading plan involved in this Vaxcyte (PCVX) Form 4?
No. The Form 4 indicates that the transaction was not made under a Rule 10b5-1 trading plan; it was a share surrender to satisfy RSU-related tax withholding.
AI-generated analysis. How Rhea-AI works. Not financial advice.