West Pharmaceutical VP awarded shares, some withheld
West Pharmaceutical Services VP & Treasurer Charles Witherspoon reported two stock transactions in company common stock.
Rhea-AI Filing Summary
West Pharmaceutical Services VP & Treasurer Charles Witherspoon reported two stock transactions in company common stock. He acquired 115.910 shares at a stated price of $0.0000, representing shares issued from performance stock units that vested for the 2023–2025 performance period.
On the same date, 41.519 shares were disposed of at $243.1900 per share to cover tax obligations through share withholding, rather than an open-market sale. After these transactions, he directly owned 1,369.746 shares of West Pharmaceutical Services common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Witherspoon Charles
Role
VP & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 115.91 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 41.519 | $243.19 | $10K |
Holdings After Transaction:
Common Stock — 1,369.746 shares (Direct)
Footnotes (1)
- F1. These shares result from performance stock units (PSUs) which vested at the end of the respective 2023-2025 PSU performance period and were payable on the transaction date shown.
FAQ
What insider transactions did West Pharmaceutical (WST) VP Charles Witherspoon report?
Charles Witherspoon reported receiving 115.910 shares of West Pharmaceutical common stock and a related withholding of 41.519 shares for taxes. These movements stemmed from vested performance stock units covering the 2023–2025 performance period, rather than open-market buying or selling activity.
What do the performance stock units (PSUs) represent in West Pharmaceutical (WST) VP’s filing?
The performance stock units represent equity awards that vested based on results over the 2023–2025 performance period. Once the period ended, the PSUs converted into 115.910 shares of common stock, which were delivered to Charles Witherspoon and partially used to cover associated tax obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.