Vertex (VERX) director adds stock via RSUs, uses shares for taxes
Rhea-AI Filing Summary
Vertex, Inc. director David DeStefano reported multiple equity transactions on February 20, 2026 tied to restricted stock unit (RSU) vesting. He exercised RSUs that converted into shares of Class A Common Stock, and then delivered a portion of those shares to cover tax obligations.
Two RSU awards were exercised at a price of $0.00 per unit, each RSU representing one share of Class A Common Stock. To satisfy tax liabilities, DeStefano disposed of 23,705 shares and 12,523 shares of Class A Common Stock at $12.74 per share through tax-withholding transactions, rather than open‑market sales.
After these transactions, he directly held 1,143,984 shares of Class A Common Stock and additional RSUs that will vest in equal annual installments on February 22, 2027 and 2028 and on February 20, 2027, 2028 and 2029. He also indirectly held 204,032 shares of Class A Common Stock through family trusts, where his spouse serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 69,527 | $0.00 | -- |
| Exercise | Restricted Stock Units | 44,014 | $0.00 | -- |
| Exercise | Class A Common Stock | 69,527 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 23,705 | $12.74 | $302K |
| Exercise | Class A Common Stock | 44,014 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 12,523 | $12.74 | $160K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Includes 84 shares acquired through the Company's Employee Stock Purchase Plan. Represents securities held by individual trusts for the benefit of the Reporting Person's three adult children. The Reporting Person's spouse serves as a trustee of each such trust. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The remaining restricted stock units will vest in two equal annual installments on each of February 22, 2027 and February 22, 2028 and have no expiration date. The remaining restricted stock units will vest in three equal annual installments on each of February 20, 2027, February 20, 2028 and February 20, 2029 and have no expiration date.
