Rapid7 (RPD) CAO sees 344 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rapid7, Inc. Chief Accounting Officer Scott M. Murphy had 344 shares of common stock withheld by the company to cover taxes on vesting restricted stock units. The shares were valued at $5.76 per share for this tax-withholding disposition. After this routine compensation-related event, Murphy directly holds 21,028 shares of Rapid7 common stock. This was not an open-market purchase or sale, but an automatic withholding tied to equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Murphy Scott M
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK | 344 | $5.76 | $2K |
Holdings After Transaction:
COMMON STOCK — 21,028 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 344 shares
Withholding price: $5.76 per share
Shares held after transaction: 21,028 shares
+1 more
4 metrics
Shares withheld for taxes
344 shares
Tax-withholding disposition on common stock
Withholding price
$5.76 per share
Value used for tax-withholding shares
Shares held after transaction
21,028 shares
Direct Rapid7 common stock holdings after withholding
Tax-withholding transactions
1 transaction, 344 shares
Summary of F-code tax-withholding activity
Key Terms
tax-withholding disposition, restricted stock units, Form 4, Chief Accounting Officer, +1 more
5 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
restricted stock units financial
"upon the vesting of restricted stock units granted to the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Accounting Officer financial
""officer_title": "Chief Accounting Officer""
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
common stock financial
""security_title": "COMMON STOCK""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Rapid7 (RPD) insider Scott M. Murphy report in this Form 4?
Scott M. Murphy reported that 344 Rapid7 shares were withheld to pay taxes on vesting restricted stock units. This was an automatic tax-withholding disposition, not an open-market trade, and it reduced his directly held shares only slightly.
Was the Rapid7 (RPD) Form 4 a buy or sell transaction by the insider?
The Form 4 shows a tax-withholding disposition, not a buy or open-market sale. Shares were withheld by Rapid7 to satisfy Murphy’s tax obligations when his restricted stock units vested, a common non‑discretionary feature of equity compensation plans.
What triggered the tax-withholding disposition reported for Rapid7 (RPD) insider Scott M. Murphy?
The disposition was triggered by the vesting of restricted stock units granted on March 4, 2024. When those RSUs vested, Rapid7 withheld 344 shares from Murphy to satisfy his tax withholding obligation, as explained in the filing’s footnote disclosure.
Does the Rapid7 (RPD) Form 4 suggest a change in insider sentiment?
This Form 4 reflects a routine tax-withholding mechanism tied to equity vesting, not a discretionary sale. Because the shares were withheld automatically to cover taxes, it offers limited insight into Murphy’s personal outlook on Rapid7’s future performance or valuation.