Pinterest (PINS) legal chief has 18,625 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinterest, Inc. chief legal and business affairs officer Wanjiku Juanita Walcott reported a routine tax-related share disposition. The company withheld 18,625 shares of Class A common stock at $20.27 per share to cover income tax obligations tied to the vesting and net settlement of previously granted restricted stock units. After this withholding, Walcott directly holds 706,048 shares of Class A common stock, which the filing notes includes additional RSUs that remain subject to vesting requirements.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Walcott Wanjiku Juanita
Role
Chief Legal & Bus Affairs Ofc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 18,625 | $20.27 | $378K |
Holdings After Transaction:
Class A Common Stock — 706,048 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 requirements.
Key Figures
Shares withheld for taxes: 18,625 shares
Tax withholding price: $20.27 per share
Shares held after transaction: 706,048 shares
+1 more
4 metrics
Shares withheld for taxes
18,625 shares
Class A common stock withheld to cover RSU tax obligations
Tax withholding price
<money>$20.27</money> per share
Price used for the 18,625 withheld shares
Shares held after transaction
706,048 shares
Direct Class A common stock holdings following withholding
Tax-withholding share count
18,625 shares
Aggregate shares in tax-withholding disposition per transaction summary
Key Terms
restricted stock units ("RSUs"), Class A Common Stock, income tax withholding and remittance obligations, net settlement
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.
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.
income tax withholding and remittance obligations financial
"withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the vesting"
net settlement financial
"in connection with the vesting and net settlement of previously reported restricted stock units"
FAQ
What insider transaction did Pinterest (PINS) report for Wanjiku Juanita Walcott?
Pinterest reported that Wanjiku Juanita Walcott had 18,625 Class A shares withheld for taxes. These shares covered income tax obligations from the vesting and net settlement of previously granted RSUs, rather than an open-market sale, and are a standard compensation-related event.
What does the Form 4 tax-withholding transaction mean for Pinterest (PINS) investors?
The Form 4 reflects a routine tax-withholding event tied to RSU vesting for an executive. Such transactions typically do not signal a change in sentiment, since shares are delivered to the company for tax obligations rather than sold on the open market.
What role does Wanjiku Juanita Walcott hold at Pinterest (PINS) in this Form 4?
Wanjiku Juanita Walcott is identified as Pinterest’s Chief Legal & Business Affairs Officer. The reported Form 4 transaction involves company-withheld shares to cover income tax obligations from vesting RSUs, consistent with standard equity compensation practices for senior executives.