Theravance Biopharma (NASDAQ: TBPH) SVP has 5,667 shares withheld for taxes
Rhea-AI Filing Summary
Theravance Biopharma, Inc. (TBPH) reported that officer Rhonda Farnum, SVP, Commercial & Medical Affairs, had 5,667 Ordinary Shares withheld on 2026-08-20 to satisfy tax obligations from the vesting of previously granted restricted stock units. The withholding was with the issuer and did not involve an open market transaction, leaving her with 226,790 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,667 shares
Net Sell
1 txn
Insider
Farnum Rhonda
Role
SVP, COMM & MEDICAL AFFAIRS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares F1 | 5,667 | $16.95 | $96K |
Holdings After Transaction:
Ordinary Shares — 226,790 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Shares withheld for taxes: 5,667 shares
Withholding reference price: $16.95 per share
Shares held after transaction: 226,790 shares
3 metrics
Shares withheld for taxes
5,667 shares
Ordinary Shares withheld on 2026-08-20 for tax obligations on RSU vesting
Withholding reference price
$16.95 per share
Value used for the 5,667-share tax-withholding transaction
Shares held after transaction
226,790 shares
Directly owned Ordinary Shares following the 2026-08-20 withholding
Key Terms
restricted stock units, withheld to satisfy tax obligations, open market transaction
3 terms
restricted stock units financial
"arising out of the vesting of previously granted restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withheld to satisfy tax obligations financial
"Shares withheld to satisfy tax obligations arising out of the vesting"
open market transaction financial
"did not involve an open market transaction"
An open market transaction is a buy or sell of publicly traded securities executed on an exchange or other public trading venue where many buyers and sellers can participate. It matters to investors because these trades change the visible supply and demand for a stock—like shoppers moving prices in a busy marketplace—affecting share price, liquidity (how easily you can trade), and sometimes the balance of ownership.
FAQ
What insider transaction did TBPH officer Rhonda Farnum report on this Form 4?
She reported that 5,667 Ordinary Shares of Theravance Biopharma, Inc. were withheld on 2026-08-20 to satisfy tax obligations from the vesting of previously granted restricted stock units, in a transaction with the issuer rather than in the open market.
What does transaction code F mean in the TBPH Form 4 filing?
Transaction code F in the filing is described as payment of tax liability by delivering or withholding securities, here referring to shares withheld to cover taxes from vesting restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.