PTC Therapeutics (PTCT) CFO auto-sells 3,494 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PTC Therapeutics' chief financial officer Pierre Gravier automatically sold 3,494 shares of common stock on July 14, 2026 at $80.35 per share pursuant to an irrevocable sell-to-cover election to satisfy tax withholding obligations tied to the vesting of 6,500 RSUs from a 26,000 RSU grant. After this transaction, he directly holds 83,986 shares, including 162 shares acquired through the employee stock purchase plan.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 3,494 shares ($280,743)
Net Sell
1 txn
Insider
Gravier Pierre
Role
CHIEF FINANCIAL OFFICER
Sold
3,494 shs ($281K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,494 | $80.35 | $281K |
Holdings After Transaction:
Common Stock — 83,986 shares (Direct)
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 6,500 RSUs from a July 13, 2023 grant of 26,000 RSUs Includes 162 shares of common stock acquired under the Issuer's employee stock purchase plan for the period ended June 30, 2026.
Key Figures
Shares sold: 3494.0000 shares
Sale price: 80.3500 per share
Shares held after transaction: 83986.0000 shares
+3 more
6 metrics
Shares sold
3494.0000 shares
Automatic sell-to-cover transaction on July 14, 2026
Sale price
80.3500 per share
Price for common stock sold in the sell-to-cover transaction
Shares held after transaction
83986.0000 shares
Direct holdings by Pierre Gravier after the sale
RSUs vested
6500 RSUs
Portion of a July 13, 2023 grant that vested, triggering tax withholding
Original RSU grant
26000 RSUs
July 13, 2023 restricted stock unit grant size
ESPP shares acquired
162 shares
Common stock acquired under employee stock purchase plan for period ended June 30, 2026
Key Terms
irrevocable sell to cover election, RSUs, employee stock purchase plan
3 terms
irrevocable sell to cover election financial
"Represents shares automatically sold pursuant to an irrevocable sell to cover election"
RSUs financial
"in connection with the vesting of 6,500 RSUs from a July 13, 2023 grant"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
employee stock purchase plan financial
"Includes 162 shares of common stock acquired under the Issuer's employee stock purchase plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PTCT CFO Pierre Gravier report?
PTC Therapeutics CFO Pierre Gravier reported an automatic sale of 3,494 shares of common stock at $80.35 per share. The sale was executed under an irrevocable sell-to-cover election to satisfy tax withholding on vested RSUs.
Was the PTCT CFO’s stock sale discretionary or for tax withholding?
The sale was for tax withholding, not a discretionary trade. Shares were automatically sold under an irrevocable sell-to-cover election to cover tax obligations from the vesting of 6,500 RSUs granted on July 13, 2023.
What equity awards were involved in the PTCT CFO’s sell-to-cover transaction?
The sell-to-cover transaction related to the vesting of 6,500 RSUs from a 26,000 RSU grant dated July 13, 2023. The automatic sale of 3,494 shares was used to satisfy tax withholding obligations arising from this vesting.