PINC Form 4: Andy Brailo Withholds 5,845 Shares to Cover Taxes
Rhea-AI Filing Summary
Andy Brailo, identified as Chief Commercial Officer of Premier, Inc. (PINC), reported three separate disposals of Class A Common Stock in late August 2025 that were effected to satisfy tax withholding obligations related to previously granted stock units. On 08/22/2025, 2,622 shares were withheld at a reported price of $25.14, leaving 109,191 shares beneficially owned. On 08/23/2025, 1,453 shares were withheld at $25.14, leaving 107,738. On 08/25/2025, 1,770 shares were withheld at $25.70, leaving 105,968. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact, David L. Klatsky, dated 08/26/2025.
Positive
- Clear disclosure that share disposals were withholding to cover tax liabilities related to vested stock units
- Timely Section 16 reporting with explicit dates, share amounts, and prices for each withholding transaction
Negative
- None.
Insights
TL;DR: Routine tax-withholding disposals disclosed for a senior executive; shows compliance with Section 16 reporting requirements.
The Form 4 documents three small disposals completed to cover tax liabilities from vested stock units. The filing names the reporting person as Chief Commercial Officer and shows direct ownership declining from 109,191 to 105,968 shares across the reported dates. The disclosure was executed via attorney-in-fact and includes an explicit explanation that the shares were withheld to cover taxes. From a governance perspective, this is a standard post-vesting administrative action rather than an opportunistic open-market sale, and the reporting meets statutory transparency expectations.
TL;DR: Share withholdings to satisfy tax on vested units are reported; transaction sizes are modest relative to total ownership disclosed here.
The three transactions—2,622; 1,453; and 1,770 shares—are explicitly identified as withholding for tax obligations tied to settlement of previously granted stock units. Prices reported for the withholdings were $25.14 (two dates) and $25.70. The Form 4 clearly links these disposals to grant settlement rather than discretionary sales, which affects how these movements are interpreted for compensation expense and insider activity analysis. No derivative transactions or additional grants are reported on this Form 4.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,770 | $25.70 | $45K |
| Tax Withholding | Class A Common Stock | 1,453 | $25.14 | $37K |
| Tax Withholding | Class A Common Stock | 2,622 | $25.14 | $66K |
Footnotes (1)
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