Vertex (NASDAQ: VRTX) chair awarded 8,269 shares; 2,964 withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertex Pharmaceuticals Executive Chairman Jeffrey Leiden reported a mix of equity award and tax-related share withholding. On February 17, 2026, he acquired 8,269 shares of common stock at $0.00 per share through a grant described as a restricted stock unit award that fully vested upon grant.
On February 18, 2026, 2,964 shares of common stock at $483.75 per share were disposed of in a tax-withholding disposition, a transaction type used to satisfy tax liabilities by delivering shares rather than an open-market sale. After these transactions, he directly held 38,344 shares of common stock, with an additional 440 shares held indirectly through a 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
LEIDEN JEFFREY M
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,964 | $483.75 | $1.43M |
| Grant/Award | Common Stock | 8,269 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 38,344 shares (Direct);
Common Stock — 440 shares (Indirect, 401(k))
Footnotes (1)
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FAQ
What insider transactions did VRTX Executive Chairman Jeffrey Leiden report?
Jeffrey Leiden reported an equity award and a tax-related share disposition. He received 8,269 shares as a fully vested restricted stock unit grant and had 2,964 shares withheld the next day to cover tax obligations.
Was Jeffrey Leiden’s VRTX Form 4 transaction an open-market stock sale?
No, the Form 4 shows a tax-withholding disposition coded “F,” not an open-market sale. Shares were delivered to satisfy tax liabilities tied to equity compensation rather than sold on the open market.
What does the fully vested restricted stock unit grant mean for VRTX’s Jeffrey Leiden?
The fully vested restricted stock unit grant means all 8,269 awarded shares became his immediately. There is no future vesting schedule, so the entire award was recognized as direct common stock ownership on the grant date.