PTC Therapeutics (PTCT) EVP sells stock to cover RSU tax withholding
Rhea-AI Filing Summary
PTC Therapeutics executive Golden Lee Scott, EVP & Chief Medical Officer, reported automatic sales of company stock tied to RSU vesting. On January 6, 2026, 1,340 shares of PTC Therapeutics common stock were sold at $76.95 per share in a transaction marked as a sale, leaving 93,936 shares beneficially owned directly. On January 7, 2026, a further 642 shares were sold at $77.48 per share, resulting in direct beneficial ownership of 93,294 shares.
According to the footnotes, both transactions represent shares automatically sold under an irrevocable "sell to cover" election made when the RSU grants were accepted, in order to satisfy tax withholding obligations upon vesting of 5,000 RSUs from a January 3, 2025 grant of 20,000 RSUs and 2,666 RSUs from a January 5, 2023 grant of 10,640 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 642 | $77.48 | $50K |
| Sale | Common Stock | 1,340 | $76.95 | $103K |
Footnotes (1)
- 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 5,000 RSUs from a January 3, 2025 grant of 20,000 RSUs. 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 2,666 RSUs from a January 5, 2023 grant of 10,640 RSUs.
FAQ
What insider transaction did PTC Therapeutics (PTCT) report in this Form 4?
The filing reports that Golden Lee Scott, EVP & Chief Medical Officer of PTC Therapeutics, Inc., sold shares of the company’s common stock in two separate transactions on January 6, 2026 and January 7, 2026, related to tax withholding on vesting RSUs.
Is the PTC Therapeutics Form 4 filed by an individual or multiple reporting persons?
The document indicates it is a Form filed by one reporting person, namely Golden Lee Scott, who is identified as an officer with the title EVP & Chief Medical Officer of PTC Therapeutics, Inc.