Quanterix (QTRX) CTO reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quanterix Corp Chief Technology Officer Michael Francis Miller reported routine equity compensation activity involving restricted stock units. He exercised RSUs that converted into 130 shares of common stock on a one-for-one basis and a portion of the resulting shares, 39 in total, was disposed of to cover tax obligations. These transactions did not involve any open-market buying or selling and reflect standard mechanisms for settling equity awards and related taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
130 shares exercised/converted
Mixed
3 txns
Insider
Miller Michael Francis
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 130 | $0.00 | -- |
| Exercise | Common Stock | 130 | $0.00 | -- |
| Tax Withholding | Common Stock | 39 | $4.32 | $168.48 |
Holdings After Transaction:
Restricted Stock Unit — 289 shares (Direct, null);
Common Stock — 35,016 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On September 23, 2022, the reporting person was granted 6,278 restricted stock units, vesting 25% on the first anniversary of the grant date, with the remaining 75% vesting in 36 equal monthly installments on the last day of each month thereafter.
Key Figures
RSU conversion: 130 shares
Tax-withholding shares: 39 shares
Tax-withholding price: $4.32 per share
+1 more
4 metrics
RSU conversion
130 shares
Restricted stock units converted into common stock on June 30, 2026
Tax-withholding shares
39 shares
Shares delivered to cover tax liability on June 30, 2026
Tax-withholding price
$4.32 per share
Price per share for 39-share tax-withholding disposition
Original RSU grant
6,278 RSUs
Grant on September 23, 2022 with graded vesting schedule
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative exercise/conversion, vesting
4 terms
Restricted Stock Unit financial
"Restricted stock units convert into common stock on a one-for-one basis."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"Exercise or conversion of derivative security."
vesting financial
"Vesting 25% on the first anniversary of the grant date, with the remaining 75% vesting in 36 equal monthly installments."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did Quanterix (QTRX) CTO Michael Francis Miller report?
He reported routine equity compensation activity, including RSUs converting into 130 common shares and a 39-share tax-withholding disposition. These are administrative transactions tied to stock-based compensation, not open-market buying or selling of Quanterix stock.
Did the Quanterix (QTRX) CTO make any open-market stock purchases or sales?
No open-market purchases or sales were reported. The Form 4 shows a derivative exercise/conversion of restricted stock units into common shares and a tax-withholding disposition, both standard compensation-related events rather than discretionary market trades by the executive.
What do the restricted stock unit terms mean for Quanterix (QTRX) CTO’s equity?
The RSUs convert into common stock on a one-for-one basis. A prior grant of 6,278 RSUs vests 25% after one year and the remaining 75% in 36 equal monthly installments, gradually delivering shares as long as vesting conditions are met.