Form 4: Flywire Corp COO Rob Orgel Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Flywire Corp's President and COO, Rob Orgel, sold 3,824 shares of common stock on September 5, 2024, to cover tax withholding obligations.
Summary
- On September 5, 2024, Rob Orgel, the President and COO of Flywire Corp, sold 3,824 shares of the company's common stock.
- The sale was executed at a price of $17.314 per share.
- The transaction was non-discretionary and intended to cover tax withholding obligations related to the settlement of time-based restricted stock unit awards.
- Following the transaction, Orgel directly owns 473,648 shares of Flywire Corp.
Sentiment
Score: 6
Explanation: The document is neutral. It simply reports a transaction related to tax obligations, which is a common occurrence. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation, particularly when dealing with stock awards. It doesn't necessarily reflect a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 09/05/2024 | Date of the transaction: Rob Orgel sold shares of Flywire Corp. |
| 09/09/2024 | Date of signature on the Form 4 filing. |
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