Form 4: Flywire Corp Executive Peter Butterfield Sells Shares to Cover Tax Obligations

Flywire Corp's General Counsel and CCO, Peter Butterfield, sold 824 shares of common stock to cover tax withholding obligations.

Summary

• On June 5, 2024, Peter Butterfield, General Counsel and CCO of Flywire Corp, sold 824 shares of Flywire's common stock.
• The sale was executed at a price of $16.691 per share.
• The transaction was non-discretionary and intended to cover tax withholding obligations related to the settlement of time-based restricted stock units.
• Following the transaction, Butterfield directly owns 280,657 shares of Flywire Corp.

Sentiment

Score: 5

Explanation: The document reflects a neutral sentiment as it reports a routine stock sale for tax purposes, which is a common practice among company executives.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like Peter Butterfield, trade their company's stock. These filings provide transparency into the transactions of company executives and directors, allowing investors to stay informed about potential shifts in ownership and sentiment.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the explanation provided mitigates this concern.

Key Dates