UroGen Pharma (URGN) CMO nets shares as RSUs vest and 5,222 sold for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UroGen Pharma’s Chief Medical Officer Mark Schoenberg reported routine equity compensation activity. On June 8, he exercised restricted stock units (RSUs) covering 10,000 ordinary shares, converting them into stock at no exercise price. On the same date, 5,222 ordinary shares were sold at $27.30 per share to satisfy withholding tax obligations tied to this RSU settlement, according to the footnotes. After these transactions, Schoenberg directly held 139,763 ordinary shares of UroGen Pharma.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,222 shares ($142,561)
Net Sell
3 txns
Insider
Schoenberg Mark
Role
Chief Medical Officer
Sold
5,222 shs ($143K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,000 | $0.00 | -- |
| Exercise | Ordinary Shares | 10,000 | $0.00 | -- |
| Sale | Ordinary Shares | 5,222 | $27.30 | $143K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Ordinary Shares — 144,985 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one ordinary share of the Issuer. Represents shares sold to satisfy withholding tax obligations upon the settlement of restricted stock units. The reporting person was granted RSUs on June 8, 2023 representing 30,000 ordinary shares. The RSUs will vest in three equal annual installments from June 8, 2024.
Key Figures
Shares sold for tax: 5,222 shares
Sale price: $27.30 per share
RSUs converted: 10,000 shares
+2 more
5 metrics
Shares sold for tax
5,222 shares
Ordinary shares sold on June 8, 2026 to satisfy withholding tax
Sale price
$27.30 per share
Price for 5,222 ordinary shares sold on June 8, 2026
RSUs converted
10,000 shares
Restricted stock units converting into ordinary shares on June 8, 2026
Post-transaction holdings
139,763 shares
Ordinary shares directly held by Schoenberg after June 8, 2026
Original RSU grant size
30,000 shares
RSUs granted June 8, 2023, vesting in three equal annual installments
Key Terms
restricted stock unit, withholding tax obligations, derivative security, ordinary shares
4 terms
restricted stock unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one ordinary share of the Issuer."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
withholding tax obligations financial
"Represents shares sold to satisfy withholding tax obligations upon the settlement of restricted stock units."
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did URGN’s Chief Medical Officer report on this Form 4?
Mark Schoenberg reported RSUs converting into 10,000 ordinary shares and a sale of 5,222 shares at $27.30 each. The sale was used to cover withholding tax obligations arising from the RSU settlement, making it a compensation-related, not discretionary, transaction.
What are the terms of Mark Schoenberg’s RSU grant mentioned in the URGN Form 4?
Footnotes state Schoenberg was granted RSUs on June 8, 2023 representing 30,000 ordinary shares. These RSUs vest in three equal annual installments starting June 8, 2024, meaning 10,000 shares vest each year, subject to the grant’s continued service conditions.