Xencor (XNCR) SVP and general counsel sells 5,011 shares for RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Xencor Inc (XNCR) senior vice president and general counsel Celia Eckert reported tax-related sales of company stock. On two days in early March, she sold a total of 5,011 shares of Xencor common stock in open-market transactions at prices around $11 per share.
The footnotes explain these were dispositions of shares sold to pay withholding taxes upon vesting of 7,316 and 4,363 restricted stock units, rather than discretionary share sales. After these transactions, she continued to hold 76,918 Xencor common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,011 shares ($55,952)
Net Sell
2 txns
Insider
Eckert Celia
Role
SVP, GENERAL COUNSEL
Sold
5,011 shs ($56K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,767 | $11.0197 | $19K |
| Sale | Common Stock | 3,244 | $11.2455 | $36K |
Holdings After Transaction:
Common Stock — 76,918 shares (Direct)
Footnotes (1)
- Represents the disposition of shares that were sold to pay withholding taxes upon vesting of 7,316 restricted stock units. Represents the disposition of shares that were sold to pay withholding taxes upon vesting of 4,363 restricted stock units.
FAQ
What insider transaction did Xencor (XNCR) report for Celia Eckert?
Xencor reported that SVP and general counsel Celia Eckert sold 5,011 shares of common stock in early March. These transactions were open-market sales linked to tax withholding obligations following the vesting of previously granted restricted stock units.
What is Celia Eckert’s role at Xencor (XNCR) mentioned in the Form 4?
The Form 4 lists Celia Eckert as an officer of Xencor, serving as senior vice president and general counsel. Her position explains why her stock transactions must be reported publicly, providing transparency into trading by key company insiders.