BioMarin (BMRN) legal chief has 1,273 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BioMarin Pharmaceutical executive George Eric Davis, EVP and Chief Legal Officer, reported a routine share disposition related to taxes. On this date, 1,273 shares of common stock were withheld to cover tax obligations at $56.05 per share. After this tax-withholding transaction, he directly holds 78,560 shares of BioMarin common stock, indicating he retains a substantial equity position and that the filing reflects a compensation-related event rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Davis George Eric
Role
EVP, Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,273 | $56.05 | $71K |
Holdings After Transaction:
Common Stock — 78,560 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did BioMarin (BMRN) report for George Eric Davis?
BioMarin reported that EVP and Chief Legal Officer George Eric Davis had 1,273 common shares withheld to satisfy tax obligations. This tax-withholding disposition is a routine administrative event tied to equity compensation, not an open-market purchase or sale of stock.
Does the Davis Form 4 for BioMarin (BMRN) indicate an open-market sale?
No, the transaction is coded as a tax-withholding disposition, not an open-market sale. Shares were delivered to satisfy tax liabilities arising from equity compensation, so it does not reflect an active decision to sell shares on the open market.
What does a tax-withholding disposition mean for BioMarin (BMRN) insiders?
A tax-withholding disposition means the company withholds shares to pay taxes due on equity compensation. For BioMarin insiders like Davis, it is a standard mechanism to satisfy tax liabilities without executing an open-market sale of their stock.