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

Peter Butterfield, General Counsel and CCO of Flywire Corp, sold shares of voting common stock to cover tax withholding obligations upon the settlement of restricted stock units.

Summary

• On March 4, 2024, Peter Butterfield, General Counsel and CCO of Flywire Corp, sold 4,730 shares of voting common stock at a price of $27.3 per share.
• On March 5, 2024, Butterfield sold an additional 825 shares at $27.175 per share.
• These sales were executed to cover tax withholding obligations related to the settlement of time-based restricted stock unit awards.
• Following these transactions, Butterfield directly owns 213,853 shares of Flywire Corp voting common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (selling shares to cover taxes) and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Executive share sales to cover tax obligations are a common occurrence and generally don't 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 effect given the stated reason for the sale.

Key Dates