Form 4: Flywire General Counsel Reports Routine Stock Disposition for Tax Obligations
Insider Transaction Report
Flywire Corporation's General Counsel and Chief Compliance Officer, Peter Butterfield, reported a disposition of 3,080 shares of common stock valued at $10.79 per share, primarily to cover tax withholding obligations related to restricted stock unit awards.
Summary
- Peter Butterfield, General Counsel and Chief Compliance Officer of Flywire Corporation (FLYW), reported a transaction on June 2, 2025.
- The transaction involved the disposition of 3,080 shares of Flywire's Voting Common Stock.
- These shares were withheld by Flywire Corporation to satisfy income tax withholding and remittance obligations in connection with the net settlement of certain time-based restricted stock unit (RSU) awards.
- The shares were valued at $10.79 per share for the purpose of this tax withholding.
- This disposition does not represent an open market sale by Mr. Butterfield.
- Following this transaction, Peter Butterfield beneficially owns 416,729 shares of Flywire's common stock.
Sentiment
Score: 5
Explanation: The transaction is a routine tax-related disposition of shares from RSU vesting, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
N/A
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically a disposition of shares to cover tax liabilities arising from the vesting of restricted stock units. This is a common occurrence across all industries for executives receiving equity compensation and does not reflect broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: This is a routine, non-market transaction for tax purposes and is unlikely to have a direct impact on the share price or shareholder value. It reflects standard equity compensation practices.
Key Dates
| Date | Description |
|---|---|
| 06/02/2025 | Date of transaction (disposition of shares for tax withholding). |
| 06/04/2025 | Date the Form 4 was signed and filed. |
Keywords
Flywire, FLYW, SEC Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, Tax Withholding, Corporate Governance, Beneficial Ownership
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