Form 4: Payoneer Global Inc. Director Scott H. Galit Reports Tax Obligation Share Withholding

Director Scott H. Galit of Payoneer Global Inc. reports withholding of 15,221 common stock shares to cover tax obligations arising from vested restricted stock units on February 5, 2025.

Summary

• On February 5, 2025, Scott H. Galit, a director of Payoneer Global Inc., had 15,221 shares of common stock withheld to cover tax obligations.
• The shares were withheld at a price of $11.04 per share.
• Following the transaction, Galit directly owns 1,115,958 shares of Payoneer Global Inc.
• Galit has granted power of attorney to Itai Perry, Shlomi Zerahia, Ben Ozeri, Anna Bochkareva and Gal Sagi to execute and file Section 16 forms on his behalf.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding share withholding for tax purposes, indicating a neutral sentiment.

Future Outlook

The Power of Attorney granted remains in effect until Galit is no longer required to file Forms 3, 4, and 5, unless revoked or superseded.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the standard practice of covering tax obligations related to vested equity.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly listed companies.
• The share withholding for tax obligations is a common method used by companies and executives, aligning with industry norms.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

Form 4, Payoneer Global Inc., Scott H. Galit, Director, Share Withholding, Tax Obligation, Beneficial Ownership, Power of Attorney, Section 16