Tax withholding reduces Protara Therapeutics (TARA) officer’s share count
Rhea-AI Filing Summary
Protara Therapeutics, Inc. officer Jacqueline Zummo reported a tax-related share withholding transaction. On January 20, 2026, 6,578 shares of Protara common stock were withheld by the company at a price of $5.60 per share to cover income tax obligations arising from the vesting of restricted stock unit awards granted to her in January 2023 and January 2024.
After this withholding, Zummo directly beneficially owned 122,283 shares of Protara common stock. The filing characterizes the event as an automatic share withholding for taxes rather than an open-market sale.
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FAQ
What insider transaction did Protara Therapeutics (TARA) report?
Protara Therapeutics reported that officer Jacqueline Zummo had 6,578 shares of common stock withheld on January 20, 2026 to cover taxes on vested RSUs.
What does the Form 4 transaction code "F" mean for TARA?
The code "F" indicates shares were withheld by the issuer to satisfy income tax obligations tied to the vesting of equity awards, not an open-market trade.
How many Protara Therapeutics shares does Jacqueline Zummo own after this transaction?
Following the tax withholding, Jacqueline Zummo directly beneficially owned 122,283 shares of Protara Therapeutics common stock.
Why were 6,578 Protara Therapeutics shares withheld from the officer?
The 6,578 shares were withheld to pay income taxes due upon the vesting of restricted stock unit awards granted to Zummo in January 2023 and January 2024.
Is the Protara Therapeutics Form 4 transaction an open-market sale?
No. The Form 4 describes an automatic share withholding for taxes, not a discretionary open-market sale of Protara Therapeutics shares.
What is Jacqueline Zummo’s role at Protara Therapeutics?
Jacqueline Zummo is an officer of Protara Therapeutics, serving as Chief Scientific Operations Officer as indicated in the filing.