Veracyte (NASDAQ: VCYT) officer gets PSU vesting, withholds shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VERACYTE, INC. reported an equity award transaction for Chief Scientific & Med Officer Phillip G. Febbo. On February 26, 2026, he acquired 71,806 shares of common stock at $0.00 per share through the vesting of performance-based restricted stock units. According to the award terms, 47,863 PSUs vested on that date and 23,943 additional PSUs are scheduled to vest on December 2, 2026, subject to continued service. To cover tax withholding from the vesting, 24,486 shares were withheld at $38.75 per share, a disposition that did not involve an open-market sale. Following these transactions, he directly owned 136,806 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Febbo Phillip G.
Role
Chief Scientific & Med Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 71,806 | $0.00 | -- |
| Tax Withholding | Common Stock | 24,486 | $38.75 | $949K |
Holdings After Transaction:
Common Stock — 161,292 shares (Direct)
Footnotes (1)
- Represents shares of common stock acquired by the Reporting Person upon vesting of certain performance based restricted stock units ("PSUs") on February 26, 2026, upon the certification by the Board of Directors of the Issuer of the achievement of the performance goals set forth therein. Of such PSUs, 47,863 PSUs vested on February 26, 2026, and the remaining 23,943 will vest on December 2, 2026, subject to the Reporting Person's continuous service to the Issuer through such date. Represents shares of common stock withheld to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of the PSUs and does not represent a sale.
FAQ
What did Veracyte (VCYT) disclose in this Form 4 for Phillip G. Febbo?
Veracyte disclosed that Chief Scientific & Med Officer Phillip G. Febbo received 71,806 common shares from the vesting of performance-based restricted stock units, with some shares withheld to cover tax obligations tied to the vesting event.
What future vesting remains for Phillip G. Febbo’s Veracyte (VCYT) PSUs?
The document states that 23,943 performance-based restricted stock units are scheduled to vest on December 2, 2026, contingent on Phillip G. Febbo’s continuous service to Veracyte through that date under the award’s terms.