PTC Therapeutics (PTCT) EVP sells shares to cover RSU tax withholding
Rhea-AI Filing Summary
PTC Therapeutics executive Golden Lee Scott reported an automatic share sale related to tax withholding. On January 8, 2026, Scott sold 866 shares of PTC Therapeutics common stock at $76.45 per share. After this transaction, Scott beneficially owned 92,428 shares of common stock in direct form.
According to the footnote, the sale was made automatically under an irrevocable "sell to cover" election entered into when the equity awards were granted. The sale was used to satisfy tax withholding obligations tied to the vesting of 3,539 restricted stock units (RSUs) from January 7, 2022 grants that originally totaled 14,155 RSUs. This indicates the transaction was administrative in nature and connected to previously granted equity compensation.
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FAQ
Who is the insider in this PTC Therapeutics (PTCT) Form 4 filing?
The reporting person is Golden Lee Scott, who serves as EVP & Chief Medical Officer of PTC Therapeutics, Inc.
How many PTC Therapeutics (PTCT) shares did Golden Lee Scott sell?
Golden Lee Scott reported selling 866 shares of PTC Therapeutics common stock on January 8, 2026.
What was the sale price per share in this PTC Therapeutics insider transaction?
The 866 shares of PTC Therapeutics common stock were sold at a price of $76.45 per share.
How many PTC Therapeutics shares does Golden Lee Scott own after the transaction?
Following the reported sale, Golden Lee Scott beneficially owned 92,428 shares of PTC Therapeutics common stock, held directly.
Was this PTC Therapeutics insider sale a discretionary sale or for tax withholding?
The filing states the 866 shares were automatically sold under an irrevocable sell-to-cover election to satisfy tax withholding obligations related to the vesting of 3,539 RSUs from January 7, 2022 grants totaling 14,155 RSUs.
What type of security is involved in this PTC Therapeutics Form 4?
The transaction involves PTC Therapeutics, Inc. common stock, reported in Table I as a non-derivative security. The RSU vesting referenced in the footnote is the underlying equity award that triggered the tax-related sale.