Repay Holdings (RPAY) EVP has stock withheld to cover taxes
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
Net Seller: 3,313 shares
Net Sell
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.
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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.