Phoenix Education Partners (PXED) CFO clarifies IPO share and RSU awards
Rhea-AI Filing Summary
Phoenix Education Partners, Inc. reported equity awards and related tax withholding for its CFO and Treasurer, Blair Westblom, in connection with the closing of the company’s initial public offering. On 10/09/2025, the executive received 46,875 shares of common stock, of which 19,618 shares were withheld by the company to cover tax obligations, leaving 27,257 shares directly held afterward. The executive was also granted 62,496 restricted stock units under the 2025 Omnibus Incentive Plan, resulting in 89,753 shares beneficially owned after the reported transactions. These RSUs vest over three years, with one-third vesting on the first anniversary of the grant date and the remaining two-thirds vesting in eight equal quarterly installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 46,875 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 19,618 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.01 per share | 62,496 | $0.00 | -- |
Footnotes (1)
- Consists of shares of the Issuer's common stock that were granted to the Reporting Person in connection with the closing of the Issuer's initial public offering (the "IPO"). Consists of shares of the Issuer's common stock that were withheld by the Issuer to satisfy tax obligations. Consists of restricted stock units granted under the Phoenix Education Partners, Inc. 2025 Omnibus Incentive Plan (the "Omnibus Incentive Plan") that will vest and become exercisable for shares of the Issuer's common stock in accordance with the following: (i) 1/3 of such units shall vest on the first anniversary of the date of grant and (ii) the remaining 2/3 of such units shall vest in eight equal installments on each three-month anniversary thereafter over two years.
FAQ
What insider transaction did PXED report for its CFO on this Form 4/A?
The filing shows that Blair Westblom, CFO and Treasurer of Phoenix Education Partners, Inc. (PXED), received equity awards in connection with the closing of the company’s initial public offering and had a portion of those shares withheld to satisfy tax obligations.
What RSU award did PXED grant to the CFO and how does it vest?
The CFO received 62,496 restricted stock units under the 2025 Omnibus Incentive Plan. According to the filing, one-third vests on the first anniversary of the grant date, and the remaining two-thirds vest in eight equal quarterly installments over the following two years.
Why was this PXED Form 4/A filed as an amendment?
The amendment clarifies that 19,618 of the 46,875 shares received in connection with the IPO closing were withheld by the company to satisfy tax obligations.