PTC Therapeutics (PTCT) CEO sells 7,371 shares for tax withholding
Rhea-AI Filing Summary
PTC Therapeutics, Inc. reported that Chief Executive Officer Matthew B. Klein automatically sold 7,371 shares of common stock at an average price of $69.36 per share. The sale was made under an irrevocable sell-to-cover election to satisfy tax withholding on the vesting of 17,500 restricted stock units from a February 15, 2025 grant of 70,000 RSUs. Following this tax-related sale, Klein owned 387,082 shares of PTC Therapeutics common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,371 shares
Net Sell
1 txn
Insider
Klein Matthew B.
Role
CHIEF EXECUTIVE OFFICER
Sold
7,371 shs ($511K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,371 | $69.36 | $511K |
Holdings After Transaction:
Common Stock — 387,082 shares (Direct)
Footnotes (1)
- F1. Represents shares automatically sold pursuant to an irrevocable sell to cover election entered into upon acceptance of the grant to satisfy tax withholding obligations in connection with the vesting of 17,500 RSUs from a February 15, 2025 grant of 70,000 RSUs.
FAQ
What insider transaction did PTC Therapeutics (PTCT) report for Matthew B. Klein?
PTC Therapeutics reported that CEO Matthew B. Klein sold 7,371 shares of common stock. The sale was an automatic sell-to-cover transaction related to tax withholding on the vesting of restricted stock units granted in February 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.