Form 4: Flywire Corp Executive Peter Butterfield Reports Stock Transaction

Flywire Corp's General Counsel and CCO, Peter Butterfield, disposed of 3,090 shares to cover tax obligations related to restricted stock units.

Summary

• Peter Butterfield, General Counsel and CCO of Flywire Corp, reported a transaction involving the disposal of 3,090 shares of common stock.
• The transaction occurred on December 2, 2024, with the shares being disposed of at a price of $23.14 per share.
• This disposal was not an open market sale but rather a withholding by the issuer to cover income tax obligations related to the net settlement of restricted stock unit awards.
• Following the transaction, Butterfield directly owns 264,345 shares of Flywire Corp.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of a stock transaction, with no significant positive or negative implications.

Industry Context

This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies, ensuring transparency and compliance with SEC regulations.
• The transaction is typical for executives receiving stock-based compensation, where a portion of shares are often withheld to cover tax liabilities.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for tax obligations related to executive compensation.

Key Dates

Keywords

Flywire Corp, Peter Butterfield, stock transaction, Form 4, insider trading, restricted stock units, tax withholding