Vertex (NASDAQ: VRTX) EVP logs 10b5-1 stock sale and tax disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertex Pharmaceuticals executive Edward Morrow Atkinson III, EVP and Chief Technical Operations Officer, reported two stock transactions in February 2026. On February 10, 2026, he disposed of 872 shares of common stock to cover tax obligations at a price of $468.41 per share. On February 11, 2026, he executed an open-market sale of 1,751 shares of common stock at $460.43 per share, made under a company-approved Rule 10b5-1 trading plan entered into on August 11, 2025. After these transactions, he directly owned 22,046 shares of Vertex common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,751 shares ($806,213)
Net Sell
2 txns
Insider
Atkinson Edward Morrow III
Role
EVP, Chief Technical Ops. Off.
Sold
1,751 shs ($806K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,751 | $460.43 | $806K |
| Tax Withholding | Common Stock | 872 | $468.41 | $408K |
Holdings After Transaction:
Common Stock — 22,046 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did VRTX executive Edward Atkinson report?
Edward Morrow Atkinson III reported a sale of 1,751 Vertex common shares. The shares were sold in an open-market transaction at $460.43 per share, following a separate tax-withholding share disposition the prior day.
At what prices did the VRTX insider transactions occur?
The tax-withholding disposition occurred at $468.41 per share, while the open-market sale was executed at $460.43 per share. Both transactions involved Vertex Pharmaceuticals common stock and were reported as direct ownership changes.
Was the VRTX insider stock sale under a Rule 10b5-1 plan?
Yes. The 1,751-share open-market sale was made under a company-approved Rule 10b5-1 trading plan. The filing notes that this plan was entered into on August 11, 2025, before the February 2026 transaction.
What does the tax-withholding transaction in the VRTX Form 4 represent?
The 872-share transaction coded “F” represents a tax-withholding disposition. This means shares were delivered to satisfy tax obligations or exercise costs, rather than being an open-market sale to third-party buyers.
What role does Edward Atkinson hold at Vertex Pharmaceuticals (VRTX)?
Edward Morrow Atkinson III serves as Executive Vice President and Chief Technical Operations Officer at Vertex Pharmaceuticals. The Form 4 identifies him as an officer of the company, rather than a director or 10% owner.