Twist Bioscience (TWST) SVP Paula Green sells 1,399 shares to cover RSU taxes
Rhea-AI Filing Summary
Twist Bioscience Corp SVP of Human Resources Paula Green reported an open-market sale of 1,399 shares of common stock at $53.257 per share. According to the footnote, this transaction was a mandated “sell to cover” to satisfy tax withholding obligations tied to vesting Restricted Stock Units, rather than a discretionary trade. After the sale, she directly holds 121,589 shares of Twist Bioscience common stock.
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Insights
Mandated sell-to-cover for taxes, not a discretionary sale.
Paula Green, SVP of Human Resources at Twist Bioscience, reported selling 1,399 common shares at $53.257 per share. The filing states this sale covered tax withholding from vesting Restricted Stock Units, under the company’s equity incentive plan.
This type of “sell to cover” is a routine administrative transaction, executed to meet tax obligations rather than reflect an active decision to reduce equity exposure. Following the sale, Green holds 121,589 shares directly, indicating she retains a substantial position in the company.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,399 | $53.257 | $75K |
Footnotes (1)
- F1. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
Key Figures
Key Terms
Restricted Stock Units financial
sell to cover financial
equity incentive plans financial
tax withholding obligations financial
AI-generated analysis. How Rhea-AI works. Not financial advice.