Priority Technology (NASDAQ: PRTH) director converts RSUs, returns shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Priority Technology Holdings, Inc. director Davis Marietta reported compensation-related equity activity. He exercised restricted stock units into 4,296 shares of common stock at no cash cost. Of these, 1,168 shares were returned to the company at $4.72 per share to satisfy tax obligations, leaving him with 83,548 common shares held directly after the transactions.
The filing also notes a prior grant of 17,182 restricted stock units on February 5, 2026, scheduled to vest in four equal installments on April 1, 2026, July 1, 2026, October 1, 2026, and January 1, 2027, subject to his continued service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,296 shares exercised/converted
Mixed
3 txns
Insider
Davis Marietta
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,296 | $0.00 | -- |
| Exercise | Common Stock | 4,296 | $0.00 | -- |
| Disposition | Common Stock | 1,168 | $4.72 | $6K |
Holdings After Transaction:
Restricted Stock Unit — 12,886 shares (Direct);
Common Stock — 84,716 shares (Direct)
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 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
RSUs exercised: 4,296 units/shares
Shares withheld for taxes: 1,168 shares
Withholding price: $4.72 per share
+2 more
5 metrics
RSUs exercised
4,296 units/shares
Restricted stock units converted to common stock on April 1, 2026
Shares withheld for taxes
1,168 shares
Common shares returned to issuer to satisfy tax obligations
Withholding price
$4.72 per share
Price for 1,168 shares disposed of to issuer
Shares held after transactions
83,548 shares
Direct common stock holdings following April 1, 2026 activity
New RSU grant
17,182 units
Grant on February 5, 2026, vesting in four 25% installments
Key Terms
Restricted Stock Unit, Disposition to issuer, tax obligations, continued service as a director
4 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
tax obligations financial
"Shares withheld to satisfy tax obligations."
continued service as a director financial
"subject to the Reporting Person's continued service as a director of the Issuer."
FAQ
What insider transaction did PRTH director Davis Marietta report?
Davis Marietta exercised restricted stock units into 4,296 Priority Technology Holdings common shares. The transaction reflects equity compensation becoming shares, not an open-market purchase, and is part of his ongoing compensation as a director of the company.
What is the size and schedule of Davis Marietta’s recent PRTH RSU grant?
On February 5, 2026, Davis Marietta received 17,182 restricted stock units from Priority Technology Holdings. These units vest in four equal 25% installments on April 1, July 1, October 1, 2026, and January 1, 2027, contingent on his continued service as a director.
Does this PRTH Form 4 show an open-market stock purchase or sale?
The Form 4 does not report any open-market purchase or sale. It shows an RSU conversion into 4,296 shares and a separate disposition of 1,168 shares back to the issuer, explicitly described as shares withheld to cover tax obligations.