Form 4: Myriad Genetics COO Sells Shares to Cover Tax Obligations

Myriad Genetics' Chief Operating Officer, Samraat S. Raha, sold shares to cover tax obligations related to vested restricted stock units.

Summary

• Myriad Genetics' Chief Operating Officer, Samraat S. Raha, had shares withheld by the company to cover tax obligations.
• This action was related to the vesting of restricted stock units granted to Mr. Raha.
• A total of 29,578 shares were withheld at a price of $14.51 per share.
• The total value of the shares withheld was $272,394.
• The share withholding was based on the closing price of Myriad common stock on December 11, 2024.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This type of transaction is common for executives who receive stock-based compensation, as they often need to cover taxes upon vesting.

Comparison to Industry Standards

• Stock withholding for tax obligations is a standard practice across publicly traded companies.
• Many companies use a similar approach to manage the tax implications of equity compensation for their executives.
• The number of shares withheld and the value are dependent on the individual's compensation package and the company's stock price.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard practice for executive compensation.

Key Dates

Keywords

Myriad Genetics, stock withholding, restricted stock units, tax obligations, Samraat S. Raha, COO