Priority Technology (PRTH) CFO nets shares after RSU vesting and tax sale
Rhea-AI Filing Summary
Priority Technology Holdings Chief Financial Officer Tim O'Leary reported multiple equity transactions dated September 19, 2025. Several tranches of previously granted restricted stock units (RSUs) vested and were converted into shares of common stock, reflecting long-term equity awards tied to his continued employment.
On that date, 61,729, 49,751 and 31,496 RSUs were exercised into the same number of common shares at an exercise price of $0. The filing also shows 63,681 common shares were disposed of at $7.48 per share, with a footnote stating these shares were withheld to satisfy tax obligations. After these transactions, O'Leary beneficially owned 217,261 shares of common stock directly, along with remaining RSUs scheduled to vest in future years.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 61,729 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 49,751 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 31,496 | $0.00 | -- |
| Exercise | Common Stock | 61,729 | $0.00 | -- |
| Exercise | Common Stock | 49,751 | $0.00 | -- |
| Exercise | Common Stock | 31,496 | $0.00 | -- |
| Disposition | Common Stock | 63,681 | $7.48 | $476K |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. Shares withheld to satisfy tax obligations. On September 19, 2023, the Reporting Person was granted 185,185 restricted stock units. 185,185 vest subject to the Reporting Person's continued service as an employee of the Issuer as follows: 61,729 on September 19, 2024; 61,729 on September 19, 2025; and 61,727 on September 19, 2026. On September 19, 2022, the Reporting Person was granted 149,254 restricted stock units. 149,254 vest subject to the Reporting Person's continued service as an employee of the Issuer as follows: 49,752 on September 19, 2023; 49,751 on September 19, 2024; and 49,751 on September 19, 2025. On September 19, 2024, the Reporting Person was granted 94,488 restricted stock units. 94,488 vest subject to the Reporting Person's continued service as an employee of the Issuer as follows: 31,496 on September 19, 2025; 31,496 on September 19, 2026; and 31,496 on September 19, 2027.