Form 4: Payoneer Global Inc. Director Scott H. Galit Reports Changes in Beneficial Ownership
SEC Form 4
Director Scott H. Galit of Payoneer Global Inc. reports the disposition of shares to cover tax obligations and sales under a pre-arranged trading plan.
Summary
- On March 4, 2024, Scott H. Galit, a director of Payoneer Global Inc., reported changes in beneficial ownership of common stock.
- 14,677 shares were withheld to cover tax obligations arising from the settlement of vested restricted stock units at a price of $4.94.
- 14,073 shares were sold at a price of $4.6406 per share pursuant to a Rule 10b5-1 trading plan.
- Following these transactions, Galit directly owns 3,127,981 shares of Payoneer Global Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions without indicating positive or negative performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider and provides transparency to the market.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction (shares withheld for tax obligations and shares sold under Rule 10b5-1 trading plan). |
| 03/06/2024 | Date of report signature. |
| May 12, 2023 | Date the Rule 10b5-1 trading plan was adopted. |
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