TBPH CEO Form 4 shows gifts and 56,817-share tax withholding
Rhea-AI Filing Summary
Theravance Biopharma, Inc. (TBPH) reported insider share movements by its Chief Executive Officer, who is also a director. On 11/19/2025, the reporting person made a gift of 9,900 ordinary shares and transferred the same number of shares into a custodial account under the Uniform Transfers to Minors Act, where the person serves as custodian and disclaims beneficial ownership of the grandchildren's shares. After this, 23,400 shares were held indirectly in the custodial account.
On 11/20/2025, 56,817 ordinary shares were withheld at a price of $17.9 per share to satisfy tax obligations from vesting restricted stock units in a transaction with the issuer. Following these transactions, the reporting person held 1,651,069 ordinary shares directly and 92,567 ordinary shares indirectly through a trust, in addition to the UTMA custodial holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 56,817 | $17.90 | $1.02M |
| Gift | Ordinary Shares | 9,900 | $0.00 | -- |
| Gift | Ordinary Shares | 9,900 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Reflects the gift of shares by the Reporting Person to a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA"), for which the Reporting Person serves as a custodian. The shares are held for grandchildren of the Reporting Person through a UTMA account, for which the Reporting Person serves as custodian. The Reporting Person disclaims beneficial ownership of these shares, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his grandchildren's shares for purposes of Section 16 or for any other purpose. Shares withheld to satisfy tax obligations arising out of the vesting of previously granted restricted stock units. The share withholding transaction was with the issuer and did not involve an open market transaction.
FAQ
What insider transactions did Theravance Biopharma (TBPH) report on this Form 4?
The filing shows the Chief Executive Officer and director of Theravance Biopharma, Inc. (TBPH) reported a gift of 9,900 ordinary shares on 11/19/2025 to a Uniform Transfers to Minors Act custodial account and a withholding of 56,817 ordinary shares on 11/20/2025 to cover taxes on vested restricted stock units.
What position does the reporting person hold at Theravance Biopharma (TBPH)?
The reporting person is both a director and the Chief Executive Officer of Theravance Biopharma, Inc.
Were any of the Theravance Biopharma (TBPH) insider transactions open market trades?
The explanation states that the 56,817-share withholding transaction was with the issuer to cover taxes and did not involve an open market transaction. The 9,900-share movement was a gift to a custodial account.