Tax withholding trims Pinterest (NYSE: PINS) CBO share count
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 reported date, the company withheld 63,826 shares of Class A Common Stock at $20.27 per share to satisfy income tax obligations tied to vesting and net settlement of previously reported RSUs. This was not an open-market sale. After this withholding, Brown directly holds 1,219,074 shares of Class A Common Stock.
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 | 63,826 | $20.27 | $1.29M |
Holdings After Transaction:
Class A Common Stock — 1,219,074 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: 63,826 shares
Withholding price per share: $20.27 per share
Shares held after transaction: 1,219,074 shares
3 metrics
Shares withheld for taxes
63,826 shares
Class A Common Stock withheld to satisfy RSU income tax obligations
Withholding price per share
$20.27 per share
Value used for the 63,826 Class A shares withheld
Shares held after transaction
1,219,074 shares
Claude Leonard Brown’s direct Class A holdings following tax withholding
Key Terms
Restricted Stock Units ("RSUs"), income tax withholding, net settlement
3 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.
income tax withholding financial
"withheld by the Company to satisfy income tax withholding and remittance obligations"
net settlement financial
"in connection with the vesting and net settlement of previously reported Restricted Stock Units"
FAQ
What did the latest Form 4 filing for Pinterest (PINS) disclose?
The Form 4 shows Pinterest’s Chief Business Officer, Claude Leonard Brown, had 63,826 Class A shares withheld by the company to cover income tax obligations arising from vesting and net settlement of previously reported RSUs.
Was the Pinterest (PINS) Form 4 transaction an open-market stock sale?
No, the transaction was not an open-market sale. The 63,826 Class A shares were withheld by Pinterest to satisfy Brown’s income tax withholding and remittance obligations when his previously reported restricted stock units vested.
What role do RSUs play in the reported Pinterest (PINS) transaction?
The transaction stems from vesting and net settlement of previously reported restricted stock units. When those RSUs vested, Pinterest withheld 63,826 Class A shares to meet Brown’s income tax obligations, rather than requiring a separate cash payment for those taxes.