Priority Technology director acquires 4,296 shares
The 17,182-unit award was scheduled to vest in four 25% installments, subject to continued service as a director.
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Rhea-AI Filing Summary
Priority Technology Holdings, Inc. director Michael Passilla reported conversion of 4,296 restricted stock units into 4,296 common shares on October 1, 2026. On the same date, 1,159 common shares were withheld for tax obligations at a reported $7.80 per share. The reported post-transaction position includes 4,294 restricted stock units. Posillipo Ventures, Inc., a limited liability company of which Passilla is a managing member, held 76,052 common shares indirectly. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F4 | 4,296 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 4,296 | -- | -- |
| Disposition | Common Stock F2 | 1,159 | $7.80 | $9K |
| holding | Common Stock F3 | -- | -- | -- |
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2. Shares withheld to satisfy tax obligations.
- F3. Shares acquired by Posillipo Ventures, Inc., a limited liability company of which the reporting person is a managing member.
- F4. On February 5, 2026, the Reporting Person was granted 17,182 restricted stock units which vest 25% on April 1, 2026, 25% on July 1, 2026, 25% on October 1, 2026, and 25% on January 1, 2027 subject to the Reporting Person's continued service as a director of the Issuer.
Key Figures
Key Terms
Restricted Stock Unit financial
vest financial
withheld to satisfy tax obligations financial
managing member financial
FAQ
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What were the vesting terms of Michael Passilla's PRTH restricted stock unit grant?
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