Repay EVP has shares withheld for tax liability
Repay Holdings Corp Executive Vice President Naomi Barnett reported a tax-related share withholding, not an open-market trade.
Rhea-AI Filing Summary
Repay Holdings Corp Executive Vice President Naomi Barnett reported a tax-related share withholding, not an open-market trade. On the vesting of previously reported time-based restricted stock, 3,313 shares of Class A common stock were withheld at $2.65 per share to cover her tax liability, leaving her with 293,909 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 3,313 shares
Exercise Price or Tax Liability
1 txn
Insider
Barnett Naomi
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 3,313 | $2.65 | $9K |
Holdings After Transaction:
Class A Common Stock — 293,909 shares (Direct)
Footnotes (1)
- F1. Reflects shares of Class A common stock of the Issuer withheld to cover the Reporting Person's tax liability in connection with the vesting of shares of time-based restricted stock previously reported by the Reporting Person.
FAQ
What insider activity did Repay Holdings (RPAY) report for Naomi Barnett?
Repay Holdings reported that Executive Vice President Naomi Barnett had shares withheld to cover taxes. Specifically, 3,313 Class A common shares were withheld in connection with the vesting of previously reported time-based restricted stock awards, rather than through an open-market transaction.
Was Naomi Barnett’s Repay Holdings (RPAY) transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 identifies it as a tax-withholding disposition, where 3,313 shares were withheld by the issuer to cover taxes on vested restricted stock, rather than sold by her on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.