Vertex (VRTX) EVP uses 1,127 shares to cover equity tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertex Pharmaceuticals executive reports tax-withholding share disposition. EVP and Chief Commercial Officer McKechnie Duncan transferred 1,127 shares of Vertex common stock on February 10, 2026 in a tax-withholding disposition priced at $468.41 per share, used to cover tax obligations related to equity compensation.
After this transaction, Duncan directly beneficially owned 21,811 shares of Vertex common stock. The transaction is coded "F," indicating payment of an exercise price or tax liability by delivering already-owned securities rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McKechnie Duncan
Role
EVP, Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,127 | $468.41 | $528K |
Holdings After Transaction:
Common Stock — 21,811 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Vertex (VRTX) report for McKechnie Duncan?
Vertex reported that EVP and Chief Commercial Officer McKechnie Duncan disposed of 1,127 shares of common stock in a tax-withholding transaction. This Form 4 event reflects shares delivered to cover tax obligations, not an open-market purchase or sale.
Was the Vertex (VRTX) insider transaction a stock sale on the open market?
No, the transaction was not an open-market sale. It was coded "F," meaning shares were delivered to pay an exercise price or tax liability. This type of disposition typically occurs automatically in connection with equity compensation.
What does transaction code "F" mean in the Vertex (VRTX) Form 4 filing?
Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this Vertex filing, it shows that McKechnie Duncan’s 1,127 shares were used to cover taxes related to equity compensation, not sold in the open market.
What role does McKechnie Duncan hold at Vertex (VRTX) in this Form 4?
McKechnie Duncan is listed as EVP, Chief Commercial Officer of Vertex. The Form 4 identifies this officer role while reporting the tax-withholding transaction involving 1,127 shares of common stock and the remaining directly owned 21,811 shares.