Vertex (VRTX) CEO awarded 16,326 RSUs and withholds 6,554 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertex Pharmaceuticals CEO Reshma Kewalramani reported mixed equity transactions involving company common stock. She acquired 16,326 shares through a grant or award of restricted stock units, recorded at a price of $0.0000 per share, increasing her direct holdings at that point to 149,813 shares.
On the same date, she disposed of 6,554 shares at $483.75 per share in a tax-withholding disposition to cover exercise price or tax liabilities, leaving her with 143,259 directly held shares afterward. The footnote explains that the restricted stock unit award vests in installments beginning on February 20, 2027, meaning the granted units will become fully available over time rather than immediately.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kewalramani Reshma
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,326 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,554 | $483.75 | $3.17M |
Holdings After Transaction:
Common Stock — 149,813 shares (Direct)
Footnotes (1)
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FAQ
What did Vertex (VRTX) CEO Reshma Kewalramani acquire in this Form 4 filing?
She acquired 16,326 shares of Vertex common stock through a grant or award of restricted stock units at a recorded price of $0.0000 per share. These units vest in installments beginning on February 20, 2027, becoming available over time.
What type of stock disposition did the Vertex (VRTX) CEO report?
She reported a tax-withholding disposition of 6,554 shares of Vertex common stock at $483.75 per share. This transaction was coded as "F," meaning shares were delivered to satisfy exercise price or tax liabilities, not as an open-market sale.
What does the restricted stock unit vesting schedule mean for Vertex (VRTX) CEO’s award?
The footnote states that the restricted stock unit award vests in installments beginning on February 20, 2027. This means the 16,326 granted units will convert into accessible shares gradually over time, rather than all becoming available immediately on the grant date.
Were the Vertex (VRTX) CEO’s transactions classified as buys or sells?
The filing classifies one transaction as an acquisition via grant or award and another as a tax-withholding disposition. The disposition is specifically for satisfying exercise price or tax liabilities, so it is not characterized as an open-market purchase or sale.