Payoneer (NASDAQ: PAYO) CFO has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Payoneer Global Inc. Chief Financial Officer Beatrice Ordonez reported a routine tax-related share disposition. A total of 3,303 shares of common stock were withheld at $4.96 per share to cover her tax obligation from vested restricted stock units, not through an open market sale. After this withholding, she directly holds 2,912,266 shares of Payoneer common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ordonez Beatrice
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,303 | $4.96 | $16K |
Holdings After Transaction:
Common Stock — 2,912,266 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 3,303 shares
Withholding price per share: $4.96 per share
Shares held after transaction: 2,912,266 shares
+1 more
4 metrics
Shares withheld for taxes
3,303 shares
Tax obligation on vested restricted stock units
Withholding price per share
$4.96 per share
Value used for tax-withholding disposition
Shares held after transaction
2,912,266 shares
Direct Payoneer common stock holdings after Form 4 event
Tax-withholding transactions
1 transaction, 3,303 shares
Form 4 transactionSummary for code F
Key Terms
restricted stock units, tax-withholding disposition, Common Stock, Form 4, +1 more
5 terms
restricted stock units financial
"arising from the settlement of vested restricted stock units and does not represent"
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 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.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Financial Officer financial
""officer_title": "Chief Financial Officer""
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
FAQ
What did PAYO CFO Beatrice Ordonez report in this Form 4?
Beatrice Ordonez reported shares withheld to cover taxes, not a market sale. Specifically, 3,303 Payoneer common shares were withheld in connection with vested restricted stock units, reflecting a routine compensation-related tax payment rather than an active trading decision.
Is the PAYO CFO’s Form 4 transaction an open market sale?
No, the transaction is not an open market sale. The footnote clarifies the 3,303 shares were withheld solely to satisfy the CFO’s tax obligation on vested restricted stock units, distinguishing it from a discretionary sale in the open market.
What does transaction code F mean in the PAYO Form 4?
Transaction code F indicates a tax-withholding disposition. In this case, it shows shares of Payoneer common stock were withheld to pay the CFO’s tax liability from the settlement of vested restricted stock units instead of being sold in the open market.