Vertex (VRTX) CSO Mark Bunnage disposes shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertex Pharmaceuticals executive Mark E. Bunnage reported a tax-related share disposition. On this Form 4, he disposed of 2,283 shares of common stock at a price of $487.76 per share in a transaction coded "F," which represents payment of a tax liability by delivering shares, not an open-market sale. After this transaction, he directly owns 10,631 shares of Vertex common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bunnage Mark E.
Role
EVP, Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,283 | $487.76 | $1.11M |
Holdings After Transaction:
Common Stock — 10,631 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Vertex (VRTX) report for Mark E. Bunnage?
Vertex EVP and Chief Scientific Officer Mark E. Bunnage reported a Form 4 tax-related disposition of 2,283 shares of common stock. The transaction was coded “F,” indicating shares were delivered to cover a tax obligation rather than sold in the open market.
What does transaction code “F” mean in the Vertex (VRTX) Form 4 filing?
Transaction code “F” means the shares were used to pay an exercise price or tax liability by delivering securities. In this Vertex filing, it signifies Mark E. Bunnage’s disposition of shares was for tax withholding, distinguishing it from a discretionary market sale.
Was the Vertex (VRTX) insider transaction a buy or sell by Mark E. Bunnage?
The Form 4 classifies the transaction as a disposition related to tax withholding, not a regular buy or sell. Code “F” and the description show shares were delivered to satisfy a tax liability, rather than being sold on the open market for investment reasons.