Priority Technology (PRTH) director vests 4,296 RSUs, covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Priority Technology Holdings director Christina M. Favilla exercised 4,296 restricted stock units on April 1, 2026, receiving the same number of common shares at a $0.00 exercise price. After this derivative exercise, she held 134,755 common shares directly.
On the same date, 1,229 common shares were disposed back to the issuer at $4.72 per share to satisfy tax obligations, a non‑market transaction, leaving her with 133,526 shares held directly. A prior grant of 17,182 restricted stock units made on February 5, 2026 vests in four equal installments between April 1, 2026 and January 1, 2027, contingent on her continued service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,296 shares exercised/converted
Mixed
3 txns
Insider
Favilla Christina M
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 | 1,229 | $4.72 | $6K |
Holdings After Transaction:
Restricted Stock Unit — 12,886 shares (Direct);
Common Stock — 134,755 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
Exercise price: $0.00 per share
Shares surrendered for taxes: 1,229 shares
+4 more
7 metrics
RSUs exercised
4,296 units
Restricted stock units exercised into common stock on April 1, 2026
Exercise price
$0.00 per share
Price for converting 4,296 restricted stock units to common stock
Shares surrendered for taxes
1,229 shares
Common shares disposed to issuer at $4.72 to satisfy tax obligations
Tax disposition price
$4.72 per share
Valuation used when 1,229 shares were returned to issuer for taxes
Shares after exercise
134,755 shares
Direct common stock holdings after RSU exercise, before tax-related disposition
Shares after all transactions
133,526 shares
Direct common stock holdings following April 1, 2026 transactions
RSU grant size
17,182 units
Restricted stock units granted on February 5, 2026, vesting in four installments
Key Terms
Restricted Stock Unit, Exercise or conversion of derivative security, Disposition to issuer, tax obligations, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
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"
FAQ
What insider transactions did PRTH director Christina Favilla report?
Christina Favilla exercised 4,296 restricted stock units into common stock and then returned 1,229 shares to Priority Technology at $4.72 per share to cover tax obligations, ending with 133,526 common shares held directly after the transactions.
What are the vesting terms of Christina Favilla’s 2026 restricted stock unit grant at PRTH?
On February 5, 2026, Christina Favilla was granted 17,182 restricted stock units. These vest in four 25% installments on April 1, July 1, and October 1, 2026, and January 1, 2027, provided she continues serving as a director of Priority Technology Holdings.
How many restricted stock units did the PRTH director exercise on April 1, 2026?
She exercised 4,296 restricted stock units on April 1, 2026, receiving 4,296 shares of Priority Technology common stock at a $0.00 exercise price. Each restricted stock unit represented a contingent right to receive one share of the company’s common stock.