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 4,589 shares of common stock on June 3, 2024, to cover tax withholding obligations.
Summary
- On June 3, 2024, Rob Orgel, the President and COO of Flywire Corp, sold 4,589 shares of the company's common stock.
- The sale was executed at a price of $16.949 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 485,211 shares of Flywire Corp.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (selling shares to cover taxes) and doesn't indicate any significant positive or negative sentiment. It's a neutral event in the context of executive compensation.
Industry Context
Sales of shares to cover tax obligations are a common practice among corporate executives when restricted stock units vest. This is a normal part of executive compensation and financial planning.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of stock sale transaction. |
| 06/05/2024 | Date of signature on the Form 4 filing. |
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