Form 4: iRhythm Technologies CBO and CLO, Patrick Michael Murphy, Reports Sale of Common Stock
SEC Form 4 Filing
Patrick Michael Murphy, CBO and CLO of iRhythm Technologies, sold 1,525 shares of common stock on March 4, 2024, to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On March 4, 2024, Patrick Michael Murphy, the CBO and CLO of iRhythm Technologies, Inc. (IRTC), sold 1,525 shares of common stock.
- The sale was executed at a price of $111.14 per share.
- The transaction was conducted to cover tax withholding and remittance obligations associated with the vesting of Restricted Stock Units.
- Following the transaction, Murphy directly owns 47,437 shares of iRhythm Technologies common stock.
Sentiment
Score: 5
Explanation: This Form 4 filing represents a routine transaction (sale of shares to cover taxes on vested stock) and has a neutral sentiment.
Industry Context
This is a routine disclosure related to insider stock transactions and is a common occurrence for executives who receive stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of stock sale transaction. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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