PTC Therapeutics (PTCT) CEO logs RSU vesting and automatic tax share sale
Rhea-AI Filing Summary
PTC Therapeutics CEO Matthew B. Klein reported routine equity compensation activity and a related tax sale. He acquired 12,500 shares of common stock through earned restricted stock units tied to performance-based awards granted in December 2024. The company’s compensation committee certified achievement of a pre-established milestone as of March 11, 2026, causing these units to be earned.
Of the earned units, 6,500 shares vested immediately on March 11, 2026, with the remaining 6,500 scheduled to vest on March 11, 2027. On March 12, 2026, 2,662 shares were automatically sold at $64.08 per share under a pre-set “sell to cover” election to satisfy tax withholding obligations. Following these transactions, Klein directly holds 396,920 shares of PTC Therapeutics common stock.
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,662 | $64.08 | $171K |
| Grant/Award | Common Stock | 12,500 | $0.00 | -- |
Footnotes (1)
- Represents the number of shares of the Issuer's common stock underlying restricted stock units ("RSUs") earned upon the vesting of performance-based restricted stock units ("PSUs") granted in December 2024. The Issuer's compensation committee of the board of directors certified the Issuer's achievement of a pre-established milestone set forth in the PSUs, as of March 11, 2026, which resulted in the reported RSUs being earned. Each earned RSU represents the contingent right to receive one share of the Issuer's common stock upon vesting. The earned RSUs immediately vested as to 6,500 shares on March 11, 2026 in connection with being earned and are scheduled to vest with respect to the remaining 6,500 shares on March 11, 2027. Represents shares automatically sold pursuant to an irrevocable sell to cover election entered into upon acceptance of the RSU grant to satisfy tax withholding obligations in connection with the vesting of the earned RSUs with respect to 6,500 shares on March 11, 2026.