PTC Therapeutics (PTCT) CMO executes 829-share tax sell-to-cover
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PTC Therapeutics, Inc. executive Lee Scott Golden reported an automatic sale of 829 shares of Common Stock at $67.99 per share. According to the disclosure, these shares were sold pursuant to an irrevocable sell-to-cover election to satisfy tax withholding obligations tied to the vesting of 2,100 restricted stock units (RSUs) from an April 24, 2023 grant of 8,400 RSUs. Following this tax-related sale, Golden directly holds 79,115 shares of PTC Therapeutics common stock, so the transaction represents a small portion of his overall reported holdings.
Positive
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Insider Trade Summary 10b5-1
Net Seller: 829 shares ($56,364)
Net Sell
1 txn
Insider
Golden Lee Scott
Role
EVP & CHIEF MEDICAL OFFICER
Sold
829 shs ($56K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 829 | $67.99 | $56K |
Holdings After Transaction:
Common Stock — 79,115 shares (Direct)
Footnotes (1)
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Key Figures
Shares sold: 829 shares
Sale price: $67.99 per share
Post-transaction holdings: 79,115 shares
+2 more
5 metrics
Shares sold
829 shares
Automatic sell-to-cover on April 2, 2026
Sale price
$67.99 per share
Price for the 829 shares sold
Post-transaction holdings
79,115 shares
Common Stock held directly after transaction
RSUs vested
2,100 RSUs
Vesting from April 24, 2023 grant
Original RSU grant
8,400 RSUs
Grant dated April 24, 2023
Key Terms
sell to cover, RSUs, tax withholding obligations
3 terms
sell to cover financial
"Represents shares automatically sold pursuant to an irrevocable sell to cover election"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
RSUs financial
"in connection with the vesting of 2,100 RSUs from an April 24, 2023 grant of 8,400 RSUs"
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.
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with the vesting of 2,100 RSUs"
FAQ
What insider transaction did PTC Therapeutics (PTCT) report for Lee Scott Golden?
PTC Therapeutics reported that EVP & Chief Medical Officer Lee Scott Golden had 829 shares of Common Stock sold at $67.99 per share. The shares were sold automatically to cover tax withholding obligations from the vesting of 2,100 RSUs granted in April 2023.