PagerDuty (PD) CAO reports RSU tax-withholding of 4,264 shares, holds 143k
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PagerDuty, Inc. Chief Accounting Officer Paul D. Underwood reported a routine tax-related share disposition linked to equity compensation. On the vesting and settlement of restricted stock units, 4,264 shares of common stock were automatically withheld by the company to satisfy his tax obligations at $9.98 per share. After this withholding, he directly holds 143,093 shares, which include restricted stock units and 1,942 shares acquired under the company’s Employee Stock Purchase Plan on June 15, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Underwood Paul D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,264 | $9.98 | $43K |
Holdings After Transaction:
Common Stock — 143,093 shares (Direct, null)
Footnotes (1)
- Represents shares automatically withheld by the Issuer to satisfy a tax obligation realized by the reporting person upon the vesting and settlement of restricted stock units. A portion of these shares represent restricted stock units. Includes 1,942 shares acquired under the Company's Employee Stock Purchase Plan on June 15, 2026.
Key Figures
Tax-withheld shares: 4,264 shares
Withholding reference price: $9.98 per share
Post-transaction holdings: 143,093 shares
+1 more
4 metrics
Tax-withheld shares
4,264 shares
Common stock withheld to satisfy tax obligation on RSU vesting
Withholding reference price
$9.98 per share
Price per share used for the 4,264-share tax-withholding disposition
Post-transaction holdings
143,093 shares
Direct PagerDuty common stock held after the tax withholding
ESPP-acquired shares
1,942 shares
Shares acquired under Employee Stock Purchase Plan on June 15, 2026
Key Terms
restricted stock units, Employee Stock Purchase Plan, tax obligation, tax-withholding disposition
4 terms
restricted stock units financial
"upon the vesting and settlement of restricted stock units."
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.
Employee Stock Purchase Plan financial
"Includes 1,942 shares acquired under the Company's Employee Stock Purchase Plan on June 15, 2026."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax obligation financial
"withheld by the Issuer to satisfy a tax obligation realized by the reporting person"
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 PagerDuty (PD) report for Paul D. Underwood?
PagerDuty’s Chief Accounting Officer Paul D. Underwood reported a tax-withholding disposition of 4,264 common shares. These shares were automatically withheld by the company to cover taxes arising from the vesting and settlement of restricted stock units, not an open-market sale.
Was the PagerDuty (PD) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 4,264 shares of PagerDuty common stock were automatically withheld by the company to satisfy a tax obligation triggered when restricted stock units vested and settled, a routine equity-compensation mechanism.
What caused the tax obligation in the PagerDuty (PD) Form 4 filing?
The tax obligation arose when restricted stock units held by Paul D. Underwood vested and settled. At that point, 4,264 shares of PagerDuty common stock were automatically withheld by the company to cover the resulting taxes, as described in the filing’s footnotes.
What role does the Employee Stock Purchase Plan play in this PagerDuty (PD) filing?
The filing notes that Paul D. Underwood’s post-transaction holdings include 1,942 shares acquired under PagerDuty’s Employee Stock Purchase Plan on June 15, 2026. This highlights that a portion of his total 143,093 direct shares comes from employee share purchase activity.