PTC Therapeutics (NASDAQ: PTCT) officer sells shares for tax cover
Rhea-AI Filing Summary
PTC Therapeutics, Inc. reported insider share sales by its Chief Technical Ops Officer, Neil Gregory Almstead, related to tax withholding on equity awards. On January 8, 2026, Almstead automatically sold 881 shares of common stock at $76.45 per share under a sell-to-cover election tied to the vesting of 3,600 RSUs from a January 7, 2022 grant of 14,400 RSUs.
On the same date, 59 additional shares of common stock were automatically sold at $76.45 per share, held indirectly through his spouse, to cover taxes on the vesting of 195 RSUs from a January 7, 2022 grant of 780 RSUs. After these transactions, Almstead beneficially owned 115,196 shares directly and 6,791 shares indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 881 | $76.45 | $67K |
| Sale | Common Stock | 59 | $76.45 | $5K |
Footnotes (1)
- Represents shares automatically sold pursuant to an irrevocable sell to cover election to satisfy tax withholding obligations in connection with the vesting of 3,600 RSUs from a January 7, 2022 grant of 14,400 RSUs. Represents shares automatically sold pursuant to an irrevocable sell to cover election to satisfy tax withholding obligations in connection with the vesting of 195 RSUs from a January 7, 2022 grant of 780 RSUs.
FAQ
Who is the insider in this PTC Therapeutics (PTCT) Form 4 filing?
The insider is Neil Gregory Almstead, who serves as Chief Technical Ops Officer of PTC Therapeutics, Inc. and is a reporting person for these transactions.
What RSU grants are linked to the PTC Therapeutics (PTCT) sell-to-cover transactions?
The automatic sales relate to the vesting of 3,600 RSUs from a January 7, 2022 grant of 14,400 RSUs and the vesting of 195 RSUs from a January 7, 2022 grant of 780 RSUs.