Vertex (VRTX) EVP McKechnie sells 2,633 shares at $498.42
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertex Pharmaceuticals executive Duncan McKechnie sold 2,633 shares of common stock in an open-market transaction. The sale occurred on March 11, 2026, at an average price of $498.42 per share. After the sale, he directly held 12,489 Vertex shares.
The transaction was made under a company-approved Rule 10b5-1 trading plan that Mr. McKechnie entered into on November 25, 2025, indicating the sale was pre-scheduled rather than opportunistic.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,633 shares ($1,312,340)
Net Sell
1 txn
Insider
McKechnie Duncan
Role
EVP, Chief Commercial Officer
Sold
2,633 shs ($1.31M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,633 | $498.42 | $1.31M |
Holdings After Transaction:
Common Stock — 12,489 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Vertex Pharmaceuticals (VRTX) report for Duncan McKechnie?
Vertex Pharmaceuticals reported that EVP and Chief Commercial Officer Duncan McKechnie sold 2,633 shares of common stock. The open-market sale occurred at an average price of $498.42 per share and was disclosed in a Form 4 insider trading report.
Was Duncan McKechnie’s VRTX stock sale under a Rule 10b5-1 trading plan?
Yes. The sale was made under a company-approved Rule 10b5-1 trading plan entered on November 25, 2025. Such pre-arranged plans schedule trades in advance, reducing the significance of transaction timing as an indicator of management’s short-term outlook.
What role does Duncan McKechnie hold at Vertex Pharmaceuticals (VRTX)?
Duncan McKechnie serves as Executive Vice President and Chief Commercial Officer at Vertex Pharmaceuticals. His Form 4 filing reports personal open-market sales of company common stock and discloses his remaining direct ownership following the transaction.