Sarepta (SRPT) R&D president reports PSU vesting and tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sarepta Therapeutics, Inc. president of R&D and Tech Ops Louise Rodino-Klapac reported equity compensation activity. On March 1, 2026, 8,125 Performance Stock Units previously earned under a March 1, 2024 PSU award vested and were converted into the same number of common shares, based on the compensation committee’s milestone achievement determination. On March 2, 2026, the company withheld 3,718 and 767 common shares, respectively, at $16.20 per share to cover tax withholding obligations related to the vesting of PSU and RSU awards, leaving Rodino-Klapac with 227,670 directly held common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,125 shares exercised/converted
Mixed
4 txns
Insider
Rodino-Klapac Louise
Role
President, R&D and Tech Ops
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,718 | $16.20 | $60K |
| Tax Withholding | Common Stock | 767 | $16.20 | $12K |
| Exercise | Performance Stock Units | 8,125 | $0.00 | -- |
| Exercise | Common Stock | 8,125 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 228,437 shares (Direct);
Performance Stock Units — 0 shares (Direct)
Footnotes (1)
- Represents the number of shares previously earned under a PSU award granted to the Reporting Person on March 1, 2024. The number of shares earned is based on the Compensation Committee's determination of the Company's achievement of the prescribed milestones under the terms of the PSU award. The shares vested on March 1, 2026. Shares were withheld by the Company to satisfy tax withholding obligations related to vesting of a PSU award granted on March 1, 2024. Shares were withheld by the Company to satisfy tax withholding obligations related to vesting of restricted stock units granted on March 1, 2024.
FAQ
What insider transactions did Sarepta Therapeutics (SRPT) report for Louise Rodino-Klapac?
Sarepta reported that Louise Rodino-Klapac had 8,125 Performance Stock Units vest and convert into common stock, and then had 3,718 and 767 shares withheld by the company to cover tax obligations linked to PSU and RSU vesting events.
Were the Sarepta (SRPT) Form 4 transactions open-market stock sales?
No, the Form 4 for Sarepta shows tax-withholding dispositions, not open-market sales. Shares were withheld by the company at $16.20 per share solely to satisfy tax obligations arising from the vesting of previously granted performance stock units and restricted stock units.
What performance conditions were tied to the vested Sarepta (SRPT) PSU award?
The vested PSU award was granted on March 1, 2024 and earned based on Sarepta’s achievement of specified milestones. The compensation committee determined that the company met these prescribed milestones, resulting in 8,125 shares vesting and converting into common stock on March 1, 2026.