Tarsus HR chief sells shares to cover RSU taxes
Tarsus Pharmaceuticals Chief Human Resources Officer Dianne C. Whitfield reported mandated sales of common stock to cover tax withholding obligations tied to restricted stock unit vesting.
Rhea-AI Filing Summary
Tarsus Pharmaceuticals Chief Human Resources Officer Dianne C. Whitfield reported mandated sales of common stock to cover tax withholding obligations tied to restricted stock unit vesting. Over three days, she sold a total of 12,274 shares in open-market transactions at prices between $67 and $69.42 per share. After these sales, she directly held 35,028 shares of common stock. A footnote explains the transactions were "sell to cover" sales required by the company’s tax policy and were not discretionary trades initiated by her.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,174 | $67.00 | $280K |
| Sale | Common Stock | 4,071 | $68.71 | $280K |
| Sale | Common Stock | 4,029 | $69.42 | $280K |
Footnotes (1)
- F1. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
FAQ
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What did Tarsus Pharmaceuticals (TARS) executive Dianne C. Whitfield report on this Form 4?
Are the reported TARS stock sales by Dianne C. Whitfield considered open-market trades?
AI-generated analysis. How Rhea-AI works. Not financial advice.