PagerDuty (PD) strategic advisor faces RSU tax withholding, retains over 697K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PagerDuty, Inc. strategic advisor Howard Wilson reported routine equity activity related to vested restricted stock units. The company automatically withheld 15,062 shares of common stock at $9.98 per share to cover tax obligations upon RSU vesting, a non-market, tax-withholding disposition. After this, Wilson held 697,169 common shares directly and 50 shares indirectly through his spouse, indicating he retained a substantial equity position following the tax event.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wilson Howard
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 15,062 | $9.98 | $150K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 697,169 shares (Direct, null);
Common Stock — 50 shares (Indirect, By spouse)
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.
Key Figures
Tax-withheld shares: 15,062 shares
Withholding price: $9.98 per share
Direct holdings after transaction: 697,169 shares
+1 more
4 metrics
Tax-withheld shares
15,062 shares
Common stock withheld to satisfy tax obligation on RSU vesting
Withholding price
$9.98 per share
Value used for tax-withholding disposition of common stock
Direct holdings after transaction
697,169 shares
PagerDuty common stock held directly following tax withholding
Indirect holdings after transaction
50 shares
Common stock held indirectly through spouse
Key Terms
restricted stock units, tax obligation, tax-withholding disposition, indirect ownership
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.
tax obligation financial
"withheld by the Issuer to satisfy a tax obligation realized"
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.
indirect ownership financial
""direct_or_indirect": "I","nature_of_ownership": "By spouse""
FAQ
What insider transaction did PagerDuty (PD) strategic advisor Howard Wilson report?
Howard Wilson reported a routine tax-withholding disposition. PagerDuty automatically withheld 15,062 common shares to cover taxes triggered by vesting restricted stock units, rather than an open-market sale, while Wilson retained a large remaining direct share position.
Was Howard Wilson’s PagerDuty (PD) Form 4 filing an open-market stock sale?
The Form 4 did not report an open-market sale. It showed a tax-withholding disposition, where 15,062 shares were automatically withheld by PagerDuty to satisfy tax liabilities from vesting restricted stock units granted to Howard Wilson.