Tax-withholding sale by PTC Therapeutics (PTCT) accounting chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PTC Therapeutics SVP and Chief Accounting Officer Christine Marie Utter reported an automatic sale of 2,494 shares of common stock. The shares were sold at an average price of $69.36 per share to cover tax withholding obligations tied to recently vested restricted stock units.
These shares relate to the vesting of 3,500 RSUs from a February 15, 2024 grant of 14,000 RSUs and 1,450 RSUs from a February 15, 2024 grant of 2,900 RSUs. After this tax-withholding sale, Utter directly holds 70,199 shares of PTC Therapeutics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,494 shares ($172,984)
Net Sell
1 txn
Insider
Utter Christine Marie
Role
SVP, CHIEF ACCOUNTING OFFICER
Sold
2,494 shs ($173K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,494 | $69.36 | $173K |
Holdings After Transaction:
Common Stock — 70,199 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did PTC Therapeutics (PTCT) report for Christine Marie Utter?
PTC Therapeutics reported that SVP and Chief Accounting Officer Christine Marie Utter sold 2,494 shares of common stock. The sale was automatically executed to cover tax withholding obligations arising from the vesting of restricted stock units granted on February 15, 2024.
What RSU grants were involved in Christine Marie Utter’s tax-withholding sale at PTC Therapeutics?
The sale related to vesting from two February 15, 2024 RSU grants. One grant was for 14,000 RSUs, of which 3,500 vested, and the other for 2,900 RSUs, of which 1,450 vested, triggering associated tax withholding obligations.