Supernus Pharmaceuticals (SUPN) CEO exercises PSUs, withholds shares for taxes
Rhea-AI Filing Summary
SUPERNUS PHARMACEUTICALS, INC. reported that President and CEO Jack A. Khattar exercised 29,849 Performance Share Units into an equal number of shares of common stock on August 12, 2026. Of these shares, 12,642 were withheld to satisfy tax withholding requirements related to the vesting of the Performance Share Units. The remaining shares from this award increased his directly held common stock. A separate line shows 958,100 shares of common stock held indirectly by the KBT Trust. The Performance Share Units were originally awarded on February 19, 2025, and a portion vested upon achievement of individual performance objectives established on May 3, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 17,207 shares
Net Buy
4 txns
Insider
Khattar Jack A.
Role
President, CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Unit F2 | 29,849 | $0.00 | $0.00 |
| Exercise | Common Stock | 29,849 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 12,642 | $46.57 | $589K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Share Unit — 0 shares (Direct);
Common Stock — 1,258,351 shares (Direct);
Common Stock — 958,100 shares (Indirect, By the KBT Trust)
Footnotes (2)
- F1. Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the vesting of Performance Share Units.
- F2. On February 19, 2025, the Reporting Person was awarded Performance Share Units, a portion of which vested upon the achievement of individual performance objectives within a defined performance period, which objectives were established on May 3, 2025.
Key Figures
Performance Share Units exercised: 29,849 units
Shares withheld for taxes: 12,642 shares
Tax withholding price: $46.57 per share
+3 more
6 metrics
Performance Share Units exercised
29,849 units
Performance Share Units converted into common stock on August 12, 2026
Shares withheld for taxes
12,642 shares
Shares of common stock withheld to satisfy tax withholding requirements at $46.57 per share
Tax withholding price
$46.57 per share
Price used for shares withheld for tax withholding requirements
Indirect holdings by KBT Trust
958,100 shares
Common stock held indirectly by the KBT Trust after the reported transactions
PSU award date
February 19, 2025
Date the Performance Share Units were awarded to the reporting person
Performance objectives date
May 3, 2025
Date individual performance objectives for PSU vesting were established
Key Terms
Performance Share Units, tax withholding requirements, indirect ownership
3 terms
tax withholding requirements financial
"shares of common stock withheld by the Company to satisfy tax withholding requirements"
indirect ownership financial
"Common Stock held indirectly, nature of ownership: By the KBT Trust"
FAQ
What did SUPN CEO Jack A. Khattar report in this Form 4 transaction?
Jack A. Khattar reported exercising 29,849 Performance Share Units into common stock on August 12, 2026, with a portion of the resulting shares withheld to cover tax withholding requirements tied to the vesting of these units.
Was Jack A. Khattar’s SUPN transaction made under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as affirming a plan, and there is no footnote stating the trades were pursuant to a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.