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.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 866 | $76.45 | $66K |
Footnotes (1)
- F1. Represents shares automatically sold pursuant to irrevocable sell to cover elections entered into upon acceptance of the respective grants to satisfy tax withholding obligations in connection with the vesting of 3,539 RSUs from January 7, 2022 grants totaling 14,155 RSUs.
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.
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.
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