Pinterest (PINS) CBO has shares withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinterest, Inc. Chief Business Officer Claude Leonard Brown reported a routine tax-related share disposition. On the vesting of previously granted Restricted Stock Units, 64,042 shares of Class A Common Stock were withheld by the company at $18.68 per share to cover income tax obligations.
After this tax-withholding transaction, Brown directly holds 1,343,883 shares of Pinterest Class A Common Stock. The filing describes this as a payment of tax liability by delivering securities, rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brown Claude Leonard
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 64,042 | $18.68 | $1.20M |
Holdings After Transaction:
Class A Common Stock — 1,343,883 shares (Direct)
Footnotes (1)
- Represents shares of Class A Common Stock that have been withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of previously reported Restricted Stock Units ("RSUs"). Includes RSUs subject to vesting conditions.
FAQ
What insider transaction did Pinterest (PINS) report for Claude Leonard Brown?
Pinterest reported a tax-related share disposition by Chief Business Officer Claude Leonard Brown. The company withheld 64,042 Class A shares to satisfy income tax obligations linked to the vesting of previously granted Restricted Stock Units, rather than an open-market sale of shares.
What does transaction code F mean in the Pinterest (PINS) Form 4 filing?
Transaction code F indicates a disposition of shares to pay an exercise price or tax liability. In this case, Pinterest withheld 64,042 shares of Class A Common Stock to satisfy income tax withholding and remittance obligations arising from the vesting of previously reported Restricted Stock Units.
Are there still unvested RSUs for Pinterest (PINS) held by Claude Leonard Brown?
Yes. The filing notes that the reported holdings include Restricted Stock Units subject to vesting conditions. This means part of Claude Leonard Brown’s reported position consists of RSUs that will vest over time according to their existing award terms and conditions.