Pinterest (PINS) CTO has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinterest, Inc.’s Chief Technology Officer Matthew Madrigal reported a tax-related share disposition tied to vesting of restricted stock units. On this Form 4, 19,958 shares of Class A common stock were withheld by the company at $18.68 per share to cover income tax obligations. After this withholding, Madrigal directly holds 973,261 shares, highlighting that the event is a routine equity-compensation settlement rather than an open-market sale.
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 | $18.68 | $373K |
Holdings After Transaction:
Class A Common Stock — 973,261 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 Matthew Madrigal?
Pinterest reported that CTO Matthew Madrigal had 19,958 Class A shares withheld to cover taxes on vested RSUs. The company used a price of $18.68 per share, and this was a compensation-related tax withholding rather than an open-market stock sale.
Was the Pinterest (PINS) insider transaction a stock sale by the CTO?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Pinterest withheld 19,958 shares from CTO Matthew Madrigal to satisfy income tax obligations triggered by vesting of previously granted restricted stock units (RSUs).