Form 4: Payoneer Global Inc. Director Scott H. Galit Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Scott H. Galit reports a transaction involving Payoneer Global Inc. shares related to tax obligations from vested restricted stock units.
Summary
- On August 6, 2024, Scott H. Galit, a director of Payoneer Global Inc., had 12,747 shares of common stock withheld to cover tax obligations arising from the settlement of vested restricted stock units.
- The shares were withheld at a price of $5.21 per share.
- Following the transaction, Galit directly owns 2,109,674 shares of Payoneer Global Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider stock activity.
Key Dates
| Date | Description |
|---|---|
| 08/06/2024 | Date of transaction where shares were withheld to cover tax obligations. |
| 08/08/2024 | Date of signature on the Form 4 filing. |
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