Form 4: Flywire Corp Executive Peter Butterfield Reports Acquisition of 172,248 Shares

General Counsel and CCO of Flywire Corp, Peter Butterfield, reports acquiring 172,248 shares of voting common stock on March 13, 2025, and disposing of 419,809 shares.

Summary

• Peter Butterfield, General Counsel and CCO of Flywire Corp, filed a Form 4 detailing changes in beneficial ownership.
• On March 13, 2025, Butterfield acquired 172,248 shares of voting common stock at $0 and disposed of 419,809 shares.
• Following the transaction, Butterfield directly owns 419,809 shares of voting common stock.
• The acquired shares are related to a time-based restricted stock unit (RSU) award.
• 25% of the RSU shares vest on March 1, 2026, with the remaining shares vesting in equal quarterly installments over the subsequent three years, contingent upon continuous service.

Sentiment

Score: 5

Explanation: This is a routine filing of stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard compensation and ownership adjustments.

Future Outlook

The remaining 75% of the RSU shares will vest in equal quarterly installments over the three years following March 1, 2026, contingent upon continuous service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The vesting schedule of the RSU award incentivizes the reporting person to remain with the company.

Key Dates