PTC Therapeutics (NASDAQ: PTCT) SVP sells stock to cover taxes shares
Rhea-AI Filing Summary
PTC Therapeutics senior executive Christine Marie Utter reported automatic stock sales linked to restricted stock unit (RSU) vesting. As SVP and Chief Accounting Officer, she sold 1,381 shares of common stock at $76.95 on January 6, 2026 and 1,235 shares at $77.45 on January 7, 2026.
According to the footnotes, both sales were made under irrevocable “sell to cover” elections entered into when the RSU grants were accepted, solely to satisfy tax withholding obligations on the vesting of 3,500 RSUs from separate 14,000‑share grants. After these transactions, she directly owns 73,727 shares of PTC Therapeutics common stock.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,235 | $77.45 | $96K |
| Sale | Common Stock | 1,381 | $76.95 | $106K |
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 3,500 RSUs from a January 3, 2025 grant of 14,000 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 3,500 RSUs from a January 5, 2023 grant of 14,000 RSUs.
FAQ
What insider activity did PTC Therapeutics (PTCT) report in this Form 4?
The Form 4 reports that Christine Marie Utter, SVP and Chief Accounting Officer of PTC Therapeutics, sold 1,381 shares of common stock on January 6, 2026 at $76.95 per share and 1,235 shares on January 7, 2026 at $77.45 per share.
Were the PTC Therapeutics insider sales discretionary or for tax withholding?
The filing states that both transactions represent shares automatically sold under an irrevocable sell to cover election made when the RSU grants were accepted, to satisfy tax withholding obligations upon vesting of RSUs.
What is Christine Marie Utter’s role at PTC Therapeutics?
Christine Marie Utter is identified in the filing as an officer of PTC Therapeutics, serving as SVP, Chief Accounting Officer.
Is this PTC Therapeutics Form 4 filed for one reporting person or a group?
The document shows that the Form 4 is filed by one reporting person, covering transactions by Christine Marie Utter only.