Form 4: Flywire Corp Executive Peter Butterfield Sells Shares to Cover Tax Obligations
SEC Form 4
Flywire Corp's General Counsel and CCO, Peter Butterfield, sold 1,769 shares of common stock to cover tax withholding obligations.
Summary
- On September 3, 2024, Peter Butterfield, General Counsel and CCO of Flywire Corp, sold 1,769 shares of Flywire Corp common stock.
- The sale was executed at a price of $18.043 per share.
- The transaction was non-discretionary and intended to cover tax withholding obligations upon the settlement of time-based restricted stock unit awards.
- Following the transaction, Butterfield directly owns 273,517 shares of Flywire Corp.
Sentiment
Score: 5
Explanation: The document describes a routine stock sale to cover tax obligations, which is neutral in sentiment.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of the stock sale transaction |
| 09/05/2024 | Date of signature on the Form 4 filing |
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