Tax withholding leads Payoneer Global (PAYO) CAO to dispose shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Payoneer Global Inc. Chief Accounting Officer Itai Perry reported a Form 4 transaction involving company common stock. On the RSU vesting date, 1,014 shares were disposed at $5.41 per share to cover his tax obligation, not as an open market sale. Following this tax-withholding disposition, he directly holds 175,266 shares of Payoneer common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Perry Itai
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,014 | $5.41 | $5K |
Holdings After Transaction:
Common Stock — 175,266 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Payoneer Global (PAYO) report on this Form 4?
The Form 4 reports a tax-related share disposition by Chief Accounting Officer Itai Perry. He had 1,014 common shares withheld at $5.41 per share to satisfy taxes from vested restricted stock units, leaving him with 175,266 directly held shares.
Was the Payoneer (PAYO) Form 4 transaction an open market sale?
No, the transaction was not an open market sale. The filing states the 1,014 shares were withheld solely to cover Itai Perry's tax obligation from RSU settlement, classifying it as a tax-withholding disposition rather than a discretionary stock sale.
What does transaction code "F" mean in the Payoneer (PAYO) Form 4?
Transaction code "F" indicates payment of a tax liability or exercise price by delivering securities. In this case, 1,014 Payoneer shares were withheld from Itai Perry to satisfy taxes due on vested restricted stock units, rather than being sold on the open market.
Who is the insider in this Payoneer Global (PAYO) Form 4 filing?
The insider is Itai Perry, Payoneer Global Inc.'s Chief Accounting Officer. The Form 4 shows a tax-withholding disposition of 1,014 common shares tied to restricted stock unit vesting, after which he continues to directly own 175,266 Payoneer common shares.