Vertex (VRTX) EVP Wagner surrenders 4,565 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertex Pharmaceuticals executive Charles F. Wagner Jr. reported a tax-related share disposal. On February 13, 2026, he transferred 4,565 shares of common stock at $487.76 per share as a tax-withholding disposition, meaning shares were surrendered to cover taxes rather than sold on the open market. After this transaction, he directly owned 43,715 Vertex shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WAGNER CHARLES F JR
Role
EVP, CO & FO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,565 | $487.76 | $2.23M |
Holdings After Transaction:
Common Stock — 43,715 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Vertex (VRTX) executive Charles Wagner report?
Charles F. Wagner Jr. reported a tax-withholding disposition of Vertex common stock. On February 13, 2026, he surrendered 4,565 shares at $487.76 per share to satisfy tax obligations, a non-open-market transaction, and retained 43,715 shares afterward.
Was the Vertex (VRTX) insider transaction an open-market sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were delivered to cover tax liabilities associated with equity compensation, as indicated by transaction code F, rather than being sold to third-party buyers on a stock exchange.
What does transaction code F mean in the Vertex (VRTX) insider filing?
Transaction code F indicates "payment of exercise price or tax liability by delivering securities." In this Vertex filing, it shows Charles Wagner used 4,565 shares of common stock to cover tax liabilities instead of selling those shares in the open market.