Pinterest (NYSE: PINS) CTO has 19,958 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PINTEREST, INC. Chief Technology Officer Matthew Madrigal reported a routine tax-related share withholding. On the transaction date, 19,958 shares of Class A Common Stock were withheld by the company at $20.27 per share to cover income tax obligations tied to the vesting and net settlement of previously reported restricted stock units. Following this withholding, Madrigal directly holds 1,604,846 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Madrigal Matthew
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 19,958 | $20.27 | $405K |
Holdings After Transaction:
Class A Common Stock — 1,604,846 shares (Direct, null)
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.
Key Figures
Shares withheld for taxes: 19,958 shares
Withholding share price: $20.27 per share
Shares held after transaction: 1,604,846 shares
+1 more
4 metrics
Shares withheld for taxes
19,958 shares
Class A Common Stock withheld for RSU tax obligations
Withholding share price
$20.27 per share
Value used for tax-withholding disposition
Shares held after transaction
1,604,846 shares
Direct Class A Common Stock ownership after withholding
Tax-withholding shares (summary)
19,958 shares
TaxWithholdingShares in transaction summary
Key Terms
Restricted Stock Units ("RSUs"), net settlement, income tax withholding, Class A Common Stock
4 terms
Restricted Stock Units ("RSUs") financial
"in connection with the vesting and net settlement of previously reported Restricted Stock Units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
net settlement financial
"in connection with the vesting and net settlement of previously reported Restricted Stock Units ("RSUs")."
income tax withholding financial
"withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the vesting"
Class A Common Stock financial
"Represents shares of Class A Common Stock that have been withheld by the Company"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did Pinterest (PINS) CTO Matthew Madrigal report in this Form 4?
Matthew Madrigal reported that 19,958 Pinterest Class A shares were withheld by the company to cover income taxes on vested RSUs. This is a non-market, administrative transaction rather than an open-market stock sale.
Was this Pinterest CTO Form 4 an open-market sale of PINS stock?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were retained by the company to pay income tax related to vesting restricted stock units, so no open-market selling decision was involved.
What role did restricted stock units (RSUs) play in this Pinterest Form 4?
The withholding stems from RSUs that vested and were net settled. When these restricted stock units vested, Pinterest withheld 19,958 shares to meet Madrigal’s income tax and remittance obligations, instead of requiring a separate cash tax payment.