VYNE Therapeutics (VYNE) CLO has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VYNE Therapeutics Inc.'s Chief Legal Officer and General Counsel, Mutya Harsch, reported a routine tax-related share disposition. On the vesting of restricted stock units, 3,464 shares of common stock were withheld by the company to cover tax withholding obligations at a value of $0.6507 per share. This was not an open-market trade. After this tax-withholding event, Harsch directly holds 118,434 shares of VYNE common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harsch Mutya
Role
CHIEF LEGAL OFFICER AND GC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,464 | $0.6507 | $2K |
Holdings After Transaction:
Common Stock — 118,434 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 3,464 shares
Tax withholding share value: $0.6507 per share
Shares held after transaction: 118,434 shares
3 metrics
Shares withheld for taxes
3,464 shares
Withheld to satisfy tax withholding on RSU vesting
Tax withholding share value
$0.6507 per share
Value applied to the 3,464 withheld shares
Shares held after transaction
118,434 shares
Directly owned by Mutya Harsch following tax withholding
Key Terms
restricted stock units, tax withholding requirements, tax-withholding disposition
3 terms
restricted stock units financial
"in connection with the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding requirements financial
"withheld by the Issuer to satisfy tax withholding requirements"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did VYNE (VYNE) report for Mutya Harsch?
VYNE reported that Chief Legal Officer Mutya Harsch had 3,464 common shares withheld to satisfy tax obligations on vested restricted stock units. This is a standard tax-withholding disposition, not an open-market purchase or sale of shares.
Was the VYNE (VYNE) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 3,464 VYNE shares were withheld by the issuer solely to satisfy tax withholding requirements associated with restricted stock unit vesting, a common administrative mechanism for equity compensation.
What does the Form 4 tax-withholding code F mean for VYNE (VYNE)?
Code F on the Form 4 indicates shares were disposed of to pay the exercise price or tax liability. For VYNE, this means 3,464 shares were withheld from Mutya Harsch’s award to cover tax on vested restricted stock units.