West Pharmaceutical (NYSE: WST) VP exercises RSUs, with shares withheld for tax
Rhea-AI Filing Summary
West Pharmaceutical Services VP & Treasurer Charles Witherspoon reported equity award activity involving restricted stock units and common shares. On February 20, 2026, 60.220 restricted stock units converted into 60.220 shares of common stock on a one-for-one basis, increasing his directly held common shares to 1,429.966.
To cover tax obligations related to the vesting, 22.069 common shares were disposed of at $241.12 per share through a tax-withholding transaction, leaving him with 1,407.897 directly owned common shares. After the transaction, he also directly held 177.644 restricted stock units, which can convert into common stock in the future under the award terms.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax withholding, modest net share increase.
The activity reflects standard equity compensation mechanics. Restricted stock units vested and converted into 60.220 common shares at no exercise price, consistent with the one-for-one conversion ratio disclosed. This is typical for executive compensation rather than an open-market purchase.
A portion of the newly delivered shares, 22.069, was withheld at $241.12 per share to satisfy tax obligations, classified as a tax-withholding disposition. The reporting person’s direct holdings rose to 1,407.897 common shares and 177.644 restricted stock units, a relatively small change unlikely to alter the overall investment case.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Rst. Stock Unit | 60.22 | $0.00 | -- |
| Exercise | Common Stock | 60.22 | $0.00 | -- |
| Tax Withholding | Common Stock | 22.069 | $241.12 | $5K |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On February 18, 2025, the reporting person was granted 237 restricted stock units, vesting in four equal annual installments (plus dividend equivalents) on February 20th each year.