Pharvaris (PHVS) officer has shares withheld to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pharvaris N.V. Principal Accounting Officer Anna Nijdam reported a routine tax-related share disposition. On the vesting of restricted stock units, the issuer withheld 548 shares of common stock at $26.63 per share to cover tax withholding obligations. After this withholding, Nijdam directly holds 48,940 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nijdam Anna
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 548 | $26.63 | $15K |
Holdings After Transaction:
Common Stock — 48,940 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 548 shares
Share value at withholding: $26.63 per share
Shares held after transaction: 48,940 shares
3 metrics
Shares withheld for taxes
548 shares
Withheld on RSU vesting as tax-withholding disposition
Share value at withholding
$26.63 per share
Price used for 548 withheld common shares
Shares held after transaction
48,940 shares
Direct common stock holdings after tax withholding
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition, Principal Accounting Officer
4 terms
restricted stock units financial
"upon the vesting 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 withholding obligations financial
"to satisfy tax withholding obligations upon the 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.
Principal Accounting Officer financial
"officer_title": "Principal Accounting Officer""
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
FAQ
What insider transaction did Pharvaris (PHVS) report for Anna Nijdam?
Pharvaris reported that Principal Accounting Officer Anna Nijdam had 548 common shares withheld by the issuer to cover tax obligations upon vesting of restricted stock units. This was coded as a tax-withholding disposition, not an open-market trade, and reflects routine equity compensation mechanics.
What does transaction code "F" mean in this Pharvaris (PHVS) Form 4?
Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this case, 548 Pharvaris common shares were withheld by the issuer to satisfy tax withholding obligations when restricted stock units vested, rather than being sold in the market.
Was the Pharvaris (PHVS) Form 4 transaction a market sale by Anna Nijdam?
No, the Form 4 describes shares withheld by the issuer for tax withholding obligations on vested restricted stock units. The filing classifies the event as a tax-withholding disposition, meaning shares were not sold in an open-market transaction but used to settle taxes owed.